Bill Status of HB3891 93rd General Assembly
Short Description: PROP TAX-SENR CITIZN EXEMPTION
Rep. Arthur L. Turner - Monique D. Davis - Patricia Bailey - Robin Kelly - Deborah L. Graham, Jack D. Franks and Linda Chapa LaVia
| 1/11/2005||House||Session Sine Die|
Statutes Amended In Order of Appearance
Synopsis As Introduced
Amends the Senior Citizens Homestead Exemption provisions of the Property Tax Code. Provides that in a county with 3,000,000 or more inhabitants (i) if the assessed valuation of property has increased by more than 20% over the previous assessed valuation of that property, an additional exemption is allowed, with the amount determined by household income and (ii) if a person has been granted a senior citizens homestead exemption, the person qualifying need not reapply for the exemption unless the person is applying for an additional exemption based upon a household income of less than $30,000. Effective immediately.