| |
| |
|
|
A JOINT RESOLUTION
|
|
|
proposing a constitutional amendment to increase the maximum amount |
|
|
of the local option residence homestead exemption from ad valorem |
|
|
taxation by a political subdivision. |
|
|
BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
|
|
SECTION 1. Section 1-b(e), Article VIII, Texas |
|
|
Constitution, is amended to read as follows: |
|
|
(e) The governing body of a political subdivision[, other |
|
|
than a county education district,] may exempt from ad valorem |
|
|
taxation a percentage of the market value of the residence |
|
|
homestead of a married or unmarried adult, including one living |
|
|
alone. [In the manner provided by law, the voters of a county |
|
|
education district at an election held for that purpose may exempt |
|
|
from ad valorem taxation a percentage of the market value of the |
|
|
residence homestead of a married or unmarried adult, including one |
|
|
living alone.] The percentage may not exceed 100 [twenty] percent. |
|
|
However, the amount of an exemption authorized pursuant to this |
|
|
subsection may not be less than $5,000 unless the legislature by |
|
|
general law prescribes other monetary restrictions on the amount of |
|
|
the exemption. The legislature by general law may prohibit the |
|
|
governing body of a political subdivision that adopts an exemption |
|
|
under this subsection from reducing the amount of or repealing the |
|
|
exemption. An eligible adult is entitled to receive other |
|
|
applicable exemptions provided by law. Where ad valorem tax has |
|
|
previously been pledged for the payment of debt, the governing body |
|
|
of a political subdivision may continue to levy and collect the tax |
|
|
against the value of the homesteads exempted under this subsection |
|
|
until the debt is discharged if the cessation of the levy would |
|
|
impair the obligation of the contract by which the debt was created. |
|
|
The legislature by general law may prescribe procedures for the |
|
|
administration of residence homestead exemptions. |
|
|
SECTION 2. This proposed constitutional amendment shall be |
|
|
submitted to the voters at an election to be held November 2, 2021. |
|
|
The ballot shall be printed to permit voting for or against the |
|
|
proposition: "The constitutional amendment to increase the maximum |
|
|
amount of the local option residence homestead exemption from ad |
|
|
valorem taxation by a political subdivision from 20 percent to 100 |
|
|
percent." |