HBA-KDB H.B. 3368 77(R)    BILL ANALYSIS


Office of House Bill AnalysisH.B. 3368
By: Hamric
Ways & Means
4/27/2001
Introduced



BACKGROUND AND PURPOSE 

There are several provisions in the Tax Code that grant tax exemptions to
homeowners who are disabled or are 65 years of age or older.  Currently,
homeowners age 65 years or older have their  homestead exemption calculated
as if the person qualified for the exemption on January 1 of the year in
which the person become qualified; however, disabled homeowners do not
receive the same consideration even though their economic circumstances may
be similar.   House Bill 3368 provides for disabled homeowners to receive
their homestead exemption effective January 1 of the year in which they
qualify for a disability exemption. 

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 3368 amends to Tax Code to delete references to an individual 65
years of age or older in provisions relating to a residence homestead
exemption qualification date and an application for a residence homestead
exemption and to modify provisions regarding the calculation of taxes on
the residence homestead to include disabled persons. 

EFFECTIVE DATE

January 1, 2002.