Relating to the authority of a taxing unit other than a school district, county, municipality, or junior college district to establish a limitation on the amount of ad valorem taxes that the taxing unit may impose on the residence homesteads of certain low-income individuals who are disabled or elderly and their surviving spouses.

HB 982 allows certain taxing units (like special districts, not school districts, counties, municipalities, or junior college districts) to set a cap on property taxes for primary residences owned by low-income disabled or elderly homeowners. Eligible homeowners must have household income below 200% of the federal poverty level and be disabled or 65+ years old, or their surviving spouses. The bill requires that property taxes on these homes cannot exceed a fixed annual amount, which is locked at the tax level from the first year the homeowner qualified for the exemption, with exceptions only for major home improvements.