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A BILL TO BE ENTITLED
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AN ACT
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relating to an increase in the amount of the exemption of residence |
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homesteads from ad valorem taxation by a school district, a |
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reduction of the limitation on the total amount of ad valorem taxes |
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that may be imposed by a school district on the homestead of an |
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elderly or disabled person to reflect the increased exemption |
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amount, and the protection of school districts against the |
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resulting loss in local revenue. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 11.13(b), Tax Code, is amended to read as |
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follows: |
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(b) An adult is entitled to exemption from taxation by a |
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school district of $100,000 [$40,000] of the appraised value of the |
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adult's residence homestead, except that only $5,000 of the |
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exemption applies to an entity operating under former Chapter 17, |
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18, 25, 26, 27, or 28, Education Code, as those chapters existed on |
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May 1, 1995, as permitted by Section 11.301, Education Code. |
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SECTION 2. This Act takes effect September 1, 2023. |