As negotiations between the Texas House of Representatives and Senate seemed to fall apart on legislation purporting to provide property tax relief, a Hail Mary effort was thrown into the mix just before the forced conclusion of the ongoing special legislative session.
Increasing the Homestead Exemption
In a matter of mere minutes, new legislation was filed in the Senate by Republican State Sen. Paul Bettencourt (Houston), granted a hearing in the Senate Finance Committee, and approved by the overall Senate, where all 31 senators signed on as authors and voted in favor of it.
Shortly thereafter, the House referred the legislation to the House Ways & Means Committee, where they held a quick meeting and approved of the legislation. It was considered by the overall House a short time later and passed unanimously.
The legislation is a proposed constitutional amendment that would increase the homestead tax exemption from its current amount of $25,000 to $40,000.