SB 2665

Principle Criteria
neutral
Free Enterprise
neutral
Property Rights
neutral
Personal Responsibility
neutral
Limited Government
neutral
Individual Liberty
Digest
SB 2665 allows taxing units to adopt conditional tax exemptions and tax rates based on the outcome of voter-approved bond elections or tax rate elections. It enables local governments to conditionally adopt or increase homestead exemptions and set conditional lower tax rates that take effect only if voters approve specific tax rate changes or bond issuances. If a conditional tax rate is triggered after tax bills have been issued, the bill requires the tax assessor to issue corrected bills and automatically refund overpayments​.
Author (1)
Juan Hinojosa
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