Tax Relief

Senator Bettencourt’s property tax relief legal guidelines SB8, SB12 and SJR4 undergo all the Senate with 22-0 | information

AUSTIN – The Texas Senate has approved Senator Paul Bettencourt bills that would give homeowners tax breaks.

Bettencourt’s Senate District comprises a small portion of Fort Bend County.

The Houston Republican filed Senate Law 8, Senate Law 12, and Senate Joint Resolution 4.

All three bills were passed unanimously by the Senate.

The draft laws should build on the reform efforts of the property tax reform and the easing and reform of school financing from the previous meetings. Co-authors of SB8 are 19 bipartisan Senators, Birdwell, Buckingham, Campbell, Creighton, Hall, Hancock, Hinojosa, Huffman, Kolkhorst, Lucio, Nelson, Nichols, Paxton, Perry, Schwertner, Seliger, Springer, Taylor and Whitmire. SB12 & SJR4 bipartisan co-authors are Senators Birdwell, Buckingham, Campbell, Creighton, Hall, Hancock, Hinojosa, Huffman, Lucio, Nelson, Nichols, Seliger, and Taylor.

“Since I was elected to the Texas Senate in 2014, real estate tax relief has been a top priority and one that is very important to Texas voters,” said Senator Bettencourt. “These bills will give homeowners the much-needed relief for first year homestead exemptions and for those over 65 or the disabled!” He added. “SB8 will address a long-standing problem in Texas that prohibits homeowners from receiving hundreds or thousands of dollars in property tax breaks in their first year of home ownership. Unfortunately, Democrats in the House of Representatives are not here to vote on the constitutional amendment to help 1.9 million over 65 or disabled homeowners freeze taxes by July 22nd, so we cannot bring this issue to the vote in November. .. “, he said.

In 2005 the Texas legislature passed a school tax compression, as decided in HB 3 during the 86th legislative session. In 2007, legislators passed a constitutional amendment approved by voters to lower the tax rate for those with an exemption over 65 or a disability. These bills follow the same pattern today as they did then, so all Texas homeowners will benefit from the tax rate cut envisaged by lawmakers in HB3.

These invoices make the following major changes:

Senator Bettencourt’s SB 8 – grants homeowners dorm exemption benefits for the first year of purchasing their property instead of having to wait until January 1 of the following year for the exemption to take effect.

SB 12 by Senator Bettencourt & Senators Kolkhorst – SB12 is the enabling legislation and SJR 4 is the constitutional amendment. These bills offer a reduction in the school maintenance and operation tax rate for over 65s and disabled homeowners who are capped due to their tax cap adjustment.

“Property tax relief has been a top priority for Lt Gov Patrick, myself and other members for years,” said Senator Bettencourt. “I would like to thank the members of the Texas Senate who stayed in Texas to work for the unanimous support of both parties for these laws that will give Texans a quarter of a billion dollars in wealth tax breaks,” he said. “I will keep filing them until the House Democrats return to a special session on the governor’s call to get tax breaks for the people of Texas,” he concluded.

Senator Paul Bettencourt was first elected to the Senate in 2014 and represents Senate District 7, which includes most of West Harris County and a small portion of Fort Bend County.

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