Video & Transcript Research : 'homestead'

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TX

Texas 89th Regular

Local Government Apr 22nd, 2025

Local Government

Transcript Highlights:
  • Senate Bill 23 will increase the additional homestead exemption for elderly and disabled homeowners from
  • That's a $50,000 increase, coupled with our existing increases to the homestead exemption of SB 4.
  • The general homestead exemption was $5,000. The general homestead exemption was $5,000.
  • We have consistently said over the years that we prefer a flat dollar homestead exemption as the most
  • And you can see the flat homestead exemption is by far the most equitable way to do that.
Bills: SB23, SJR85
Summary: The Senate Committee on Local Government heard testimony on Senate Bill 23 and its companion constitutional amendment, Senate Joint Resolution 85, both by Senator Bettencourt. The bills would increase the additional homestead exemption for elderly and disabled homeowners from $10,000 to $60,000, which proponents said would significantly reduce property taxes and help seniors and disabled Texans age in place. Bettencourt and supporters described the measure as part of a broader property tax relief package, estimating combined savings of about $950 for over-65 and disabled homeowners when paired with other recent homestead exemption changes. Witnesses largely supported the proposal. Testimony in favor came from a lawyer, a private citizen, Texas Realtors, the Texas Silver-Haired Legislature, and the Texas Association of Builders, all emphasizing relief for fixed-income seniors, housing stability, and the ability to remain in their homes. Several witnesses noted rising property taxes, medical costs, and the challenges seniors face in moving or affording home modifications. One witness from Every Texan said a flat homestead exemption is the most equitable way to cut property taxes, but argued against additional tax cuts generally, favoring a circuit-breaker approach and warning that permanent tax cuts could reduce funding for schools and other needs. The committee also discussed data showing many over-65 homeowners already pay no school property taxes in some counties and that the proposed changes would increase that share. After closing public testimony, the committee voted on the measures. Senate Bill 23 was reported favorably to the full Senate by a 7-0 vote, and S.J.R. 85 was also reported favorably by a 7-0 vote. The transcript also shows Senate Bill 898 being laid out and passed unanimously earlier in the meeting, with a recommendation for the local and uncontested calendar.
TX
Transcript Highlights:
  • Senate Bill 23 will increase the additional homestead exemption for elderly and disabled homeowners from
  • With the additional homestead exemption of SB 4, this will bring the total for elderly and disabled homeowners
  • elderly and disabled homeowners with an additional $554 in savings, combined with the $496 of average homestead
  • The General Homestead exemption was $5,000. The disabled and veterans exemption was $10,000.
  • And that’s what a homestead exemption like this does.
Bills: SB23, SJR85, SB 23
MN

Minnesota 2025-2026 Regular Session

House Taxes Committee 3/20/25

Taxes

Transcript Highlights:
  • exclusion uh increasing the homestead exclusion uh increasing the property<00:31:52.600> tax<
  • House File 2475 is an extension and expansion of the homestead credit refund, so it's often known as
  • This bill would increase the homestead credit refund for 174,000 homeowners statewide.
  • The homestead credit refund has been around for over 40 years in Minnesota, and Minnesota has been kind
  • The homestead credit refund has been around for over 40 years in Minnesota, and Minnesota has been kind
LA

Louisiana 2026 Regular Session

Revenue and Fiscal Affairs May 11th, 2026

Revenue & Fiscal Affairs

Transcript Highlights:
  • They would have had to have had ownership of the homestead.
  • They would have to retain the use of the homestead.
  • And the seller would have to continue to occupy the homestead. And I think there's one more.
  • They would have to have had an acre, the ownership of the homestead.
  • They would have to retain the use of the homestead.
MN

Minnesota 2025-2026 Regular Session

House Taxes Committee 3/10/26

Taxes

Transcript Highlights:
  • <00:02:21.040> credit<00:02:21.320> refunds, summary on um homestead credit refunds
  • , summary on um homestead credit refunds, the<00:02:22.480> the<00:02:22.760> the<00:02
  • And the homestead credit challenge.
  • <00:13:36.600> credit,<00:13:36.960> which homestead credit, which homestead credit, which
  • Thank you for the opportunity to testify. and and the homestead credit is not only and and the homestead
MN

Minnesota 2025-2026 Regular Session

House Veterans and Military Affairs Division 3/11/26

Veterans and Military Affairs Division

Transcript Highlights:
  • House File 3727 talks about an exclusion for homestead property values for disabled veterans at 200,000
  • The veteran, when they die, has to be on the homestead.
  • So if they're not on that homestead, it doesn't apply.
  • The veteran when they die has to be on the homestead.
  • So if they're not on that homestead, it doesn't apply. Same thing.
Bills: HF3727, HF3684, HF3467
TX
Transcript Highlights:
  • However, when you apply it to an average homestead, it does save the average homestead $133.
  • The increased homestead exemption amount is a 40% increase in the existing homestead... exemption of
  • Old homesteads, new homesteads, whatever. All that money has to go into the state budget.
  • The cut for the homestead exemption is $363.
  • per the 5.7 million or so homestead accounts.
Bills: SB4, SJR2, SB 4, SJR 2