LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 77th Regular Session April 16, 2001 TO: Honorable Paul Sadler, Chair, House Committee on Public Education FROM: John Keel, Director, Legislative Budget Board IN RE: HJR102 by Flores (Proposing a constitutional amendment to authorize a school district to exempt from ad valorem taxation the property of an elderly disabled veteran.), As Introduced ************************************************************************** * No significant fiscal implication to the State is anticipated, * * other than the cost of publication. * * * * The cost to the state for publication of the resolution is $80,000. * ************************************************************************** The proposed resolution amends Article VIII, Section 2 to allow a school district to exempt from property tax the property of an elderly disabled veteran. The resolution provides that if a school district adopted a property tax exemption for 65-and-over disabled veterans under a proposed constitutional amendment, the veteran would be entitled to an exemption of the type and amount determined by the school district's governing body. There would be no cost to the General Revenue Fund 0001, because under current law the value of this type of optional property tax exemptions are included in the Comptroller's determinations of school districts' total taxable values certified to the Commissioner of Education for school funding purposes. Local Government Impact School districts adopting the proposed exemption would experience a revenue loss, the amount of which would depend on the type, amount of the adopted exemption, and the number of qualified disabled veterans in the district. Source Agencies: 307 Secretary of State, 701 Texas Education Agency LBB Staff: JK, CT, BR