HB 670

Relating to the authority of a taxing unit other than a school district to establish a limitation on the amount of ad valorem taxes that the taxing unit may impose on the residence homesteads of individuals who are disabled or elderly and their surviving spouses.

Principle Criteria

Free Enterprise

Property Rights

Personal Responsibility

Limited Government

Individual Liberty

Digest

HB 670 authorizes political subdivisions other than school districts to limit property taxes on the homesteads of elderly or disabled individuals. The bill amends the Tax Code to allow counties, municipalities, and other entities to establish caps, ensuring that ad valorem taxes do not exceed amounts set during the first qualifying year. This provision applies only if a constitutional amendment supporting these limits is approved by voters in 2025, making it contingent on broader legislative changes.

Author (1)

John Bucy III

Contact the Author

Rep. John Bucy III

Capitol Phone:

(512) 463-0696

Capitol Office:

CAP GN.9

E-Mail:

[email protected]

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