Honorable Teel Bivins, Chair, Senate Committee on Finance
FROM:
John Keel, Director, Legislative Budget Board
IN RE:
HB217 by Hamric (Relating to limiting the amount of school district ad valorem taxes that may be imposed on the residence homestead of a disabled person.), As Engrossed
No fiscal implication to the State is anticipated.
The bill would provide a school district property tax ceiling for qualified homeowners who are disabled. The tax ceiling currently applies only to persons who are 65 years of age or older. The corresponding constitutional amendment for this bill, House Joint Resolution 21, is self-enabling. Therefore, this bill would have no fiscal impact. Estimated revenue losses for the proposed tax ceiling are reflected on the fiscal note for the constitutional amendment.
Local Government Impact
No fiscal implication to units of local government is anticipated.