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.