TO: | Honorable Fred Hill, Chair, House Committee on Local Government Ways and Means |
FROM: | John Keel, Director, Legislative Budget Board |
IN RE: | HJR37 by Gutierrez (Proposing a constitutional amendment to increase the amount of the market value of the residence homestead of a disabled or elderly person that may be exempt from ad valorem taxation by a school district.), As Introduced |
The cost to the state for publication of the resolution is $85,275.
The proposed Constitutional amendment would allow the Legislature to increase the current residence homestead exemption of a disabled or elderly person from $10,000 to $20,000.
The resolution would have no fiscal impact, except the cost of publication. If enabling legislation were enacted, however, there would be a fiscal impact on the state, due to the state’s public school financing formulas.
Source Agencies: | 304 Comptroller of Public Accounts, 701 Central Education Agency
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LBB Staff: | JK, SD, WP, DLBe, BR
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