Texas HB266 allows school districts to exempt certain employees from ad valorem taxes on their residence homesteads.

Texas HB266 amends the Tax Code to allow a school district to exempt full-time employees, such as classroom teachers, school counselors, librarians, and school nurses, from ad valorem taxes on their residence homesteads. This exemption is subject to voter approval. The bill also modifies the definition of "taxable value" in the Government Code to exclude certain exemptions when a taxing unit has pledged taxes for debt payment.

Texas HB266 allows school districts to exempt certain employees from ad valorem taxes on their residence homesteads.

Texas HB266 amends the Tax Code to allow a school district to exempt full-time employees, such as classroom teachers, school counselors, librarians, and school nurses, from ad valorem taxes on their residence homesteads. This exemption is subject to voter approval. The bill also modifies the definition of "taxable value" in the Government Code to exclude certain exemptions when a taxing unit has pledged taxes for debt payment.