HB2133 — Relating to a one-time credit against the ad valorem taxes imposed by a taxing unit on the first property that a person purchases and qualifies as the person's residence homestead and to the effect of the credit on the determination of the taxable value of a school district.

HB2133 — Relating to a one-time credit against the ad valorem taxes imposed by a taxing unit on the first property that a person purchases and qualifies as the person's residence homestead and to the effect of the credit on the determination of the taxable value of a school district. · Informed CitizenryThis bill amends the Tax Code by adding Section 31.039, establishing a Tax Credit for First Residence Homestead. A person is entitled to this credit in the first tax year after purchasing a propert…Open in Informed Citizenry