HB 3348

83(R) - 2013

Vote Recommendation

  • Neutral
  • Positive
  • Neutral
  • Positive
  • Neutral


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