| TO: | Honorable Harvey Hilderbran, Chair, House Committee on Ways & Means |
| FROM: | John S O'Brien, Director, Legislative Budget Board |
| IN RE: | HJR99 by Ritter (Proposing a constitutional amendment authorizing the legislature to exempt from ad valorem taxation real property leased to certain schools organized and operated primarily for the purpose of engaging in educational functions.), As Introduced |
The cost to the state for publication of the resolution is $105,495.
The resolution would propose an amendment to Section 2(a), Article VIII, of the Texas Constitution, to authorize the Legislature to exempt from taxation any real property that is leased to a person for use as a school, as defined as 11.21 of the Tax Code, for educational purposes. This authorization would apply beginning with the tax year that begins on January 1, 2012.
Adoption of the proposed amendment alone would have no fiscal impact on the state, other than the cost of publication. Any loss of revenue would be attributable to the corresponding enabling legislation.
The proposed amendment would be submitted to voters at an election to be held November 8, 2011.
| Source Agencies: | 304 Comptroller of Public Accounts
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| LBB Staff: | JOB, KK, SD, SJS
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