Blogs

Texas AG Rules on Reducing or Repealing Local Option Homestead Exemption Adopted for Tax Years 2014 through 2019

By Thomas Canby posted 03-17-2016 15:07

  

On March 17, 2016, the Texas Attorney General released Opinion KP-0072 (2016) on “Whether a school district, municipality, or county may reduce or repeal the local option homestead exemption from the amount that was adopted for the 2014 tax year through the 2019 tax year.”

The summary to the opinion states:

“Subsection l 1.13(n-1) of the Tax Code prohibits a school district, municipality, or county from repealing or reducing the local option homestead exemption from the amount that was adopted for the 2014 tax year through the 2019 tax year.”

To read the Opinion, click on the link below. 

https://www.texasattorneygeneral.gov/opinions/opinions/51paxton/op/2016/kp0072.pdf

0 comments
254 views

Permalink