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HB 1153 (89R): Relating to the provision of funding under the public school finance system on the basis of property values that take into account optional homestead exemptions.

89th Legislature, regular session · filed 2024-11-12 · Latest: Referred to Public Education: Mar 7 2025 2:33PM

texasstate-bill

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Official caption

Relating to the provision of funding under the public school finance system on the basis of property values that take into account optional homestead exemptions.

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What does this mean? (plain words)

Official text

Relating to the provision of funding under the public school finance system on the basis of property values that take into account optional homestead exemptions.

Source: Texas Legislature Online bill history XML (Texas Legislative Council), ftp://ftp.legis.state.tx.us/bills/89R/billhistory/

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Officials and money

Authors: Hull

Bill history (latest 3 steps)

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Words on this page, explained (3)
Exemption
A rule that removes certain people, property or activities from a tax or requirement.
Homestead exemption
A homestead is the home you own and live in as your main residence. A homestead exemption removes part of its value from property tax, so tax is charged on a smaller amount. Texas school districts must offer one; other local governments may offer more. In Florida, the Constitution currently sets a homestead exemption of up to $50,000 (the second $25,000 does not apply to school taxes).
Veto
The power of a president or governor to reject a bill passed by the legislature. Lawmakers can override a veto with a large enough vote (two-thirds of each chamber in Congress).

Plain meanings written from linked sources. All words.

Sources

Record st-tx-89r-hb1153 · catalog st-tx-tlo-bills-89r · updated 2026-11-03 by psicol tx-bills