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TX HB3239
Bill
Status
2/24/2025
Primary Sponsor
Chris Turner
Click for details
AI Summary
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Authorizes governing bodies of taxing units to adopt a residence homestead exemption expressed as a fixed dollar amount rather than the current percentage-based system
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Sets the maximum exemption amount at $100,000 for the 2026 tax year
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Requires the comptroller to annually adjust the maximum exemption amount based on the Consumer Price Index for All Urban Consumers (CPI-U) to account for inflation
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Mandates the comptroller publish the updated maximum exemption amount in the Texas Register by March 15 each year
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Takes effect January 1, 2026, contingent upon voter approval of a related constitutional amendment proposed by the 89th Legislature
Legislative Description
Relating to the authority of the governing body of a taxing unit to adopt an exemption from ad valorem taxation of a portion, expressed as a dollar amount, of the appraised value of an individual's residence homestead and to the adjustment of the exemption amount in subsequent years to reflect inflation.
Property Interests
Last Action
Referred to Ways & Means
3/20/2025