HB 1547

Relating to the exclusion from the market value of real property for ad valorem tax purposes of the value of any improvement, or any feature incorporated in an improvement, made to the property if the primary purpose of the improvement or feature is compliance with the requirements of standards that address accessible design of buildings or other facilities.

Principle Criteria

Free Enterprise

Property Rights

Personal Responsibility

Limited Government

Individual Liberty

Digest

HB 1547 exempts the value of improvements or features added to real property to comply with the Americans with Disabilities Act Standards for Accessible Design from the market value calculation for ad valorem tax purposes. This exemption applies only to improvements made on or after January 1, 2025, contingent upon voter approval of a related constitutional amendment.

Author (1)

Richard Raymond

Contact the Author

Rep. Richard Raymond

Capitol Phone:

(512) 463-0558

Capitol Office:

CAP 1W.2

E-Mail:

[email protected]

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