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Summary: HJR 86 would temporarily amend Texas Constitution to exempt any real property that is leased to a person for use as a school for educational purposes. The provision would go into effect January 1, 2014, and expire January 1, 2015. HJR 86’s goal is to exempt property leased primarily to charter schools a one-time exemption to decrease costs to schools.
Analysis: HJR 86 limits the amount of property taxes a property owner that leases real property to a school has to pay, which will result in less government revenue, and it promotes the rights of these real property owners to keep more of their property. Support HJR 86.