Vote Recommendation | Economic Freedom | Property Rights | Personal Responsibility | Limited Government | Individual Liberty |
---|---|---|---|---|---|
Neutral | Neutral | Neutral | Neutral | Neutral | Neutral |
Relating to the eligibility of land secured by a home equity loan to
be designated for agricultural use for ad valorem tax purposes.
No significant fiscal implication to the State is anticipated.
HB 1254 would repeal statutory language which prohibits land from being designated for agricultural use if the land secures a home equity loan described by Section Section 50(a)(6), Article XVI, Texas Constitution.
This bill would repeal statutory language that references a provision of the Texas Constitution which was repealed in 2017. This is a bill which will clear up potential confusion by eliminating statutory language that refers to a no-longer-existent provision of the Texas Constitution. We remain neutral on HB 1254.