SB 1, 88th 1st C.S. history

SB 1, 88th 1st C.S.

Relating to a reduction in the maximum compressed tax rate of a school district and additional state aid for certain school districts impacted by compression, an increase in the amount of certain exemptions from ad valorem taxation by a school district applicable to residence homesteads, an adjustment in the amount of the limitation on school district ad valorem taxes imposed on the residence homesteads of the elderly or disabled to reflect increases in the exemption amounts, and the protection of school districts against the resulting loss in local revenue.

Last action: Received from the Senate

Enabling legislation for: SJR 1

Lt. Governor documents:

Lt. Gov. Dan Patrick: Statement on the unanimous passage of Senate Bill 1 and Senate Joint Resolution 1 – property tax relief

Subjects:
COMPTROLLER OF PUBLIC ACCOUNTS
Disaster Preparedness & Relief
EDUCATION, COMMISSIONER OF
Education--Primary & Secondary--Finance
Property Interests--Homestead
PROPERTY TAX RELIEF ACT
Taxation--Property-Appraisals & Appraisal Districts
Taxation--Property-Assessment & Collection
Taxation--Property-Exemptions
Taxation--Property-Tax Rate
Taxation--School District

Senate Committee: Finance (Joan Huffman, Paul Bettencourt, Donna Campbell, Brandon Creighton, Pete Flores, Bob Hall, Kelly Hancock, Juan Hinojosa, Bryan Hughes, Lois Kolkhorst, Robert Nichols, Angela Paxton, Charles Perry, Charles Schwertner, Royce West, John Whitmire, Judith Zaffirini)

Index to Sections Affected

Texas Legislature Online

The Legislative Archive System is a work in progress. Complete information is not available for all bills and all sessions. Visit the Legislative Archive System status page for details. Please contact the Legislative Reference Library at 512-463-1252 if you have any questions. Information on this website is provided as a public service by the Legislative Reference Library. The Legislative Reference Library makes no representation as to its completeness or accuracy and makes no warranty in regard to its use. Users assume all risk of reliance on the information included on this site.