HJR 202

Proposing a constitutional amendment to provide for an exemption from ad valorem taxation of the total market value of real property on which the ad valorem taxes have been prepaid and to establish the prepaid property tax trust fund to provide annual distributions to political subdivisions affected by the exemption.

Principle Criteria

Free Enterprise

Property Rights

Personal Responsibility

Limited Government

Individual Liberty

Digest

HJR 202 establishes the Prepaid Property Tax Trust Fund, which allows property owners to prepay their property taxes to secure a permanent ad valorem tax exemption on the prepaid amount. The trust fund would make annual disbursements to local governments to offset the tax revenue lost due to these prepayments.

Author (1)

Dade Phelan

Contact the Author

Rep. Dade Phelan

Capitol Phone:

(512) 463-0706

Capitol Office:

CAP GW.8

E-Mail:

[email protected]

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