Texas SB 12: Relating to the reduction of the amount of a limitation on the total amount of ad valorem taxes that may be imposed by a school district on the residence homestead of an individual who is elderly or disabled to reflect any reduction from the preceding tax year in the district's maximum compressed rate and to the protection of school districts against the resulting loss in local revenue.

Status: Sent to the Governor (as of 2021-08-31)

State: Texas · Session: 872 · Bill: SB 12

Subjects: Aging (I0015), Disabilities, Persons with (I0380), EDUCATION AGENCY, TEXAS (V9941), Education--Primary & Secondary--Finance (I0250), Property Interests--Homestead (I0616), Taxation--Property-Assessment & Collection (I0798), Taxation--Property-Exemptions (I0793), Taxation--Property-Tax Rate (I0794), Taxation--School District (I0785)

Sponsors: Bettencourt, Burrows, Button, Guillen, Kolkhorst, Metcalf, Meyer, Allison, Alvarado, Anderson, Ashby, Bailes, Bell, Cecil, Bell, Keith, Biedermann, Birdwell, Blanco, Bonnen, Buckingham, Buckley, Burns, Campbell, Capriglione, Cook, Creighton

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