Bill: HB 3348, 83(R) - 2013

Vote Recommendation

Vote Recommendation Economic Freedom Property Rights Personal Responsibility Limited Government Individual Liberty
Yes Neutral Positive Neutral Positive Neutral

Author(s)

Eddie Rodriguez

Bill Caption

Relating to the authority of the governing body of a taxing unit to adopt a local option residence homestead exemption from ad valorem taxation.

Fiscal Notes

No fiscal implication to the State is anticipated.

Bill Analysis

Summary:  HB 3348 would give local governments authority to adopt a “local option homestead exemption” expressed as a dollar-amount instead of a percentage-based exemption. The minimum amount of exemption in either scenario would be $5,000.

Analysis:  This is enabling legislation for HJR 138, which we support. HB 3348 gives local governments flexibility to choose between two different forms of a property tax exemption, a percentage based tax and a flat dollar tax, based on which one makes most sense for their governing unit. Either form of exemption would limit government and promote property rights. Support HB 3348

 

Source URL (retrieved on 04/19/2024 10:04 PM): http://reports.texasaction.com/bill/83r/hb3348?print_view=true