LEGISLATIVE BUDGET BOARD

Austin, Texas

FISCAL NOTE, 81ST LEGISLATIVE REGULAR SESSION

March 17, 2009

TO:	Honorable Rene Oliveira, Chair, House Committee on Ways & Means
FROM:	John S. O'Brien, Director, Legislative Budget Board
IN RE:	HJR59 by Martinez, "Mando" (Proposing a constitutional amendment authorizing the legislature to exempt a percentage of the market value of the residence homesteads of certain partially disabled veterans from ad valorem taxation.), As Introduced

The resolution alone would have no fiscal implication to the State other than the cost of publication. Any additional fiscal implication would be attributable to the corresponding enabling legislation. The cost to the state for publication of the resolution is $90,882.

The resolution would propose a constitutional amendment to Article VIII of the Texas Constitution to authorize the Legislature to exempt from ad valorem taxation a percentage of the market value of the residence homestead of a partially disabled veteran that is equal to the percentage of disability of the disabled veteran.

The proposed amendment would not affect the exemption of any limitations under existing Article VIII, Section 2(b) of the Texas Constitution, which provides fixed amount exemptions based on the percentage of a veterans disability and includes property other than the veteran's residence homestead.

The proposed amendment would be submitted to voters at an election to be held November 3, 2009. If adopted, the provisions would be effective January 1, 2010, and would apply only to a tax year beginning on or after that date.

Local Government Impact

The proposed constitutional amendment alone would have no fiscal implication on units of local government. Any fiscal implication would be attributable to the corresponding enabling legislation.

Source Agencies:

304 Comptroller of Public Accounts

LBB Staff:

JOB, MN, SD, SJS