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TX HB1688
Bill
Status
12/20/2024
Primary Sponsor
AJ Louderback
Click for details
AI Summary
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Authorizes local taxing units to adopt a property tax exemption for residence homesteads of eligible peace officers, covering all or part of the appraised value
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Defines "eligible peace officer" as full-time peace officers employed by the state or political subdivisions, including sheriffs, constables, marshals, and police officers listed under Article 2.12(1)-(4) of the Code of Criminal Procedure
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Allows governing bodies to set the exemption as either a specified dollar amount or a percentage of the property's appraised value
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Permits taxing units to disregard the exemption when collecting taxes pledged for pre-existing debt obligations if granting the exemption would impair contract obligations
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Takes effect January 1, 2026, contingent on voter approval of a related constitutional amendment proposed by the 89th Legislature
Legislative Description
Relating to a local option exemption from ad valorem taxation of all or part of the appraised value of the residence homesteads of certain peace officers.
Property Interests
Last Action
Referred to Ways & Means
3/12/2025