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TX HB152
Bill
Status
11/12/2024
Primary Sponsor
Richard Raymond
Click for details
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 requiring the full dollar amount to be deducted from taxable value, rather than only one-half as under current law
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Repeals Education Code Section 48.259, which currently addresses state funding adjustments related to optional homestead exemptions adopted by school districts
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Removes Section 48.259 from the list of provisions that have priority access to excess foundation school program funds, leaving only Sections 48.258 and 48.267
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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
2/27/2025