Sec. 49.008. HOMESTEAD EXEMPTIONS. (a) The governing board of a school district that results from consolidation under this chapter, including a consolidated taxing district under Subchapter F, for the tax year in which the consolidation occurs may determine whether to adopt a homestead exemption provided by Section 11.13, Tax Code, and may set the amount of the exemption, if adopted, at any time before the school district adopts a tax rate for that tax year. This section applies only to an exemption that the governing board of a school district is authorized to adopt or change in amount under Section 11.13, Tax Code.
(b) This section prevails over any inconsistent provision of Section 11.13, Tax Code, or other law.
Added by Acts 1995, 74th Leg., ch. 260, Sec. 1, eff. May 30, 1995.
Transferred, redesignated and amended from Education Code, Section 41.008 by Acts 2019, 86th Leg., R.S., Ch. 943 (H.B. 3), Sec. 1.049, eff. September 1, 2019.
Structure Texas Statutes
Subtitle I - School Finance and Fiscal Management
Chapter 49 - Options for Local Revenue Levels in Excess of Entitlement
Subchapter A. General Provisions
Section 49.002. Options to Reduce Local Revenue Level
Section 49.003. Inclusion of Attendance Credit and Nonresidents in Weighted Average Daily Attendance
Section 49.004. Annual Review of Local Revenues
Section 49.0041. Local Revenue Level in Excess of Entitlement After Review Notification
Section 49.005. Comptroller and Appraisal District Cooperation
Section 49.007. Commissioner to Approve Subsequent Boundary Changes
Section 49.008. Homestead Exemptions
Section 49.009. Tax Abatements
Section 49.010. Tax Increment Obligations