Increases homestead exemptions for elderly and disabled Texans and provides state aid to school districts.

This bill increases the exemption from ad valorem taxation for elderly and disabled Texans by $50,000. It also provides additional state aid to school districts to offset losses in local revenue due to the increased exemption. The bill includes provisions for calculating and adjusting tax rates and bills, and it specifies that certain changes will only take effect if a related constitutional amendment is approved by voters. The bill also includes sunset provisions for many of its provisions.

Increases homestead exemptions for elderly and disabled Texans and provides state aid to school districts.

This bill increases the exemption from ad valorem taxation for elderly and disabled Texans by $50,000. It also provides additional state aid to school districts to offset losses in local revenue due to the increased exemption. The bill includes provisions for calculating and adjusting tax rates and bills, and it specifies that certain changes will only take effect if a related constitutional amendment is approved by voters. The bill also includes sunset provisions for many of its provisions.