HBA-JEK H.B. 2240 77(R) BILL ANALYSIS Office of House Bill AnalysisH.B. 2240 By: Brown, Betty Public Education 4/23/2001 Introduced BACKGROUND AND PURPOSE Currently, homestead owners 65 years of age and older are allowed to transfer their ad valorem tax freeze to a new homestead located in a different school district anywhere in the state. House Bill 2240 limits the transfer to a different residence homestead in the same school district. RULEMAKING AUTHORITY It is the opinion of the Office of House Bill Analysis that this bill does not expressly delegate any additional rulemaking authority to a state officer, department, agency, or institution. ANALYSIS House Bill 2240 amends the Tax Code to limit the transfer of the school district ad valorem tax freeze on the residence homestead of a qualified elderly person to a different residence homestead in the same school district. The bill entitles a person who received a limitation on tax increases on a subsequently qualified homestead for the 2001 tax year to continue to receive that limitation regardless of whether the homestead was located in the same school district as the individual's former homestead during that year, as long as the individual otherwise qualifies for the limitation. EFFECTIVE DATE January 1, 2002.