| |
| |
| |
|
|
AN ACT
|
|
|
relating to the calculation of the limitation on the total amount of |
|
|
ad valorem taxes imposed by a school district on the residence |
|
|
homestead of an individual who is elderly or disabled. |
|
|
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
|
|
SECTION 1. Section 11.26, Tax Code, is amended by adding |
|
|
Subsection (a-11) to read as follows: |
|
|
(a-11) This subsection applies only in the tax year |
|
|
immediately following the first tax year an individual qualifies a |
|
|
residence homestead for an exemption under Section 11.13(c) after |
|
|
the beginning of that first tax year, provided that the homestead |
|
|
remains eligible for that same exemption in that following tax |
|
|
year. Notwithstanding Subsection (a-10), the amount of the |
|
|
limitation provided by this section on an individual's residence |
|
|
homestead for the tax year to which this section applies is equal to |
|
|
the lesser of: |
|
|
(1) the amount of the limitation as computed under |
|
|
Subsection (a-10) for that tax year; or |
|
|
(2) the amount of tax imposed by the school district on |
|
|
that residence homestead, calculated without regard to the |
|
|
limitation on tax increases provided by this section, in that tax |
|
|
year. |
|
|
SECTION 2. This Act applies only to ad valorem taxes imposed |
|
|
for a tax year beginning on or after the effective date of this Act. |
|
|
SECTION 3. This Act takes effect January 1, 2026. |
|
|
|
|
|
|
|
|
|
| |
| |
| |
| |
______________________________ |
______________________________ |
| |
President of the Senate |
Speaker of the House |
| |
|
|
I hereby certify that S.B. No. 2520 passed the Senate on |
|
|
May 9, 2025, by the following vote: Yeas 31, Nays 0. |
|
|
|
| |
| |
______________________________ |
| |
Secretary of the Senate |
| |
|
|
I hereby certify that S.B. No. 2520 passed the House on |
|
|
May 28, 2025, by the following vote: Yeas 136, Nays 5, two |
|
|
present not voting. |
|
|
|
| |
| |
______________________________ |
| |
Chief Clerk of the House |
| |
|
|
|
| |
|
|
Approved: |
|
|
|
|
|
______________________________ |
|
|
Date |
|
|
|
|
|
|
|
|
______________________________ |
|
|
Governor |