Honorable Tommy Williams, Chair, Senate Committee on Finance
FROM:
Ursula Parks, Director, Legislative Budget Board
IN RE:
HJR86 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 Engrossed
No fiscal implication to the State is anticipated, other than the cost of publication.
The cost to the state for publication of the resolution is $108,921.
This resolution would propose an amendment to Article VIII, Section 2(a), 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 in Section 11.21 of the Tax Code) for educational purposes.
Adoption of the proposed constitutional amendment alone would have no fiscal impact on the state or units of local government. Any fiscal impact would depend on the corresponding enabling legislation.
The proposed amendment would be submitted to voters at an election to be held November 5, 2013 and would take effect on January 1, 2014 if approved.
Local Government Impact
No fiscal implication to units of local government is anticipated.