91st General Assembly
Summary of SB0034
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Short description: 
PROP TX-HOMESTEAD-PRO-RATA                                                 

Synopsis of Bill as introduced:
        Amends the Property Tax Code.  Provides that if in any assessment      
   year homestead property has a pro-rata valuation  that  increases  the      
   assessed  valuation,  then a reduction in equalized assessed valuation      
   equal to the increase in the equalized assessed  value  for  the  year      
   above  a set level shall be applied to the property on a proportionate      
   basis.  Sets the maximum proportionate homestead exemption.  Effective      
        SENATE AMENDMENT NO. 1.                                                
        Changes the implementation date of the amendatory  provisions  to      
   the 2000 assessment year (now 1999).                                        
Last action on Bill: PUBLIC ACT.............................. 91-0346

   Last action date: 99-07-29

           Location: Senate

 Amendments to Bill: AMENDMENTS ADOPTED: HOUSE -   0     SENATE -   1


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