SB 488

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

SB 488 expands the authority of taxing units, excluding school districts, to establish a limitation on the ad valorem taxes imposed on the homesteads of individuals who are disabled, elderly, or surviving spouses. The bill specifies eligibility criteria and procedures for implementing and calculating such tax limitations, aligning them with constitutional amendments under consideration.

Author (1)

Lois Kolkhorst

Contact the Author

Sen. Lois Kolkhorst

Capitol Phone:

(512) 463-0118

Capitol Office:

CAP GE.4

E-Mail:

[email protected]

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