• Taxation Bills Passed by the 2015 Legislature


    HB 32
    Bonnen, Dennis
    Reduction of Business Franchise Tax

    Reduces the business franchise tax by 25 percent. Requires the comptroller to conduct a comprehensive study to identify the effects of economic growth on future state revenues by September 30, 2016. Requires the results to be reported to the governor and Legislative Budget Board and to identify revenue growth allocation options to promote efficiency and sustainability in meeting the revenue needs of the state, including revenues allocated by Tax Code Section 171.4011, upon the repeal of the franchise tax.

    Earliest effective date: January 1, 2016

    HB 992
    Bonnen, Dennis
    Disabled Veteran Homestead Exemption

    Requires a constitutional amendment authorizing the Legislature to provide for an exemption from ad valorem taxation of all or part of the market value of the residence homestead of the surviving spouse of a 100 percent or totally disabled veteran who died before the law authorizing a residence homestead exemption for such a veteran took effect.

    Takes effect only if approved by the voters.

    Earliest effective date: January 1, 2016

    HB 994
    Landfill Gas Tax Exemption

    Permanently exempts from ad valorem taxation property used to collect, compress, transport, process, and deliver gas generated by a landfill. This exemption applies to tangible personal property and provides that the property shall be appraised as tangible property regardless of whether it’s affixed to or incorporated into real property.

    Earliest effective date: January 1, 2016

    HB 1022
    Residence Homestead Definition

    Amends the definition of residence homestead to include property occupied by an owner’s surviving spouse who has a life estate in the property.

    Earliest effective date: January 1, 2016

    HB 1261
    King, Susan
    Comptroller’s Report on Tax Provisions

    Relates to the comptroller’s report of the effect of certain tax provisions. Provides that if actual data is not available, the comptroller is required to use statistical data to estimate the effect of an exemption, discount, exclusion, special valuation, special accounting treatment, special rate, or special method of reporting relating to a tax. If the report states that the effect of a particular tax preference cannot be determined, the comptroller must include in the report a complete explanation of why the comptroller reached that conclusion.

    Earliest effective date: September 1, 2015

    HB 1463
    Prohibition of Homestead Exemption Cancellation for Senior Citizens

    Prohibits a chief appraiser from cancelling a homestead exemption by an individual who is 65 years of age or older without first providing written notice that includes a form in which an individual may indicate whether the individual is qualified to receive the exemption. Requires the written notice to include a self–addressed prepaid postage envelope with instructions for returning the form to the chief appraiser. Prescribes time periods after which the chief appraiser may cancel the exemption after making a reasonable effort to locate the individual and determine whether the individual is qualified to receive the exemption. Applies only to an action taken by a chief appraiser to cancel a homestead exemption after the effective date of this Act.

    Earliest effective date: September 1, 2015

    HB 2293
    Taxable Value of School District Properties

    Requires the comptroller to certify the final taxable value for each school district, appropriately adjusted to give effect to certain provisions of the Education Code related to school funding, to the commissioner as provided by the terms of the memorandum of understanding entered into between the comptroller, the Legislative Budget Board, and the commissioner of education. The change in law made by this Act applies only to a certification made by the comptroller of the adjusted taxable value for a school district to the commissioner on or after the effective date of this Act.

    Earliest effective date: January 1, 2016

    HB 2313
    Vending Machine Sales Tax Exemption

    Exempts from sales and use taxes the sale of tangible personal property through a vending machine if the sale is made by a 501(c)(3) nonprofit organization that owns the machine and the machine is stocked and maintained by individuals with special needs as part of an independent life skills and education program operated by the program.

    Earliest effective date: September 1, 2015

    SB 1
    Homestead Exemption Increase

    Provides the enabling legislation for the increase in the homestead exemption of $10,000 ($15,000 to $25,000).

    Earliest effective date: Provides numerous effective dates for various provisions

    SB 833
    Homestead Exemption Protection for Traveling Military

    Provides that a residence homestead exemption is not lost when the owner temporarily ceases occupying the property if the absence is caused by the owner’s military service inside or outside of the state.

    Earliest effective date: Immediately