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TX HB1153
Bill
Status
11/12/2024
Primary Sponsor
Lacey Hull
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AI Summary
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Changes how optional homestead exemptions under Tax Code Section 11.13(n) are calculated for school finance purposes by deducting the full dollar amount instead of only one-half of the exemption value when determining a school district's taxable property value
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Repeals Education Code Section 48.259, which previously governed the use of excess foundation school program funds related to optional homestead exemptions
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Removes Section 48.259 from the list of provisions that can direct the use of excess funds appropriated for school facilities funding, giving priority instead to grants under Section 7.062
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Applies to school district property value studies conducted for tax years beginning on or after January 1, 2026
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Takes effect September 1, 2025
Legislative Description
Relating to the provision of funding under the public school finance system on the basis of property values that take into account optional homestead exemptions.
Property Interests
Last Action
Referred to Public Education
3/7/2025