HB3253 amends the Property Tax Code to require an impact statement for any bill proposing a new or amended homestead exemption.
HB3253 amends the Property Tax Code by adding a new section requiring an impact statement for any bill to amend an existing homestead exemption or create a new one. The impact statement must be submitted before the first legislative vote and must identify the policy purpose, goal, and demographics of those impacted. It must also describe the effect on taxing districts and potential funding sources to replace any additional burdens.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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