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A BILL TO BE ENTITLED
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AN ACT
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relating to a one-time payment for certain homeowners; making an |
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appropriation. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. DEFINITIONS. In this Act: |
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(1) "Comptroller" means the state comptroller of |
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public accounts. |
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(2) "Eligible residence homestead" means a residence |
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homestead that qualified for an exemption under Section 11.13, Tax |
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Code, for the 2021 tax year. |
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SECTION 2. ONE-TIME PAYMENT; AMOUNT. (a) Not later than |
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August 31, 2022, the comptroller shall provide a one-time payment |
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to the owner of each eligible residence homestead in an amount |
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determined as provided by this section. |
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(b) Subject to Subsection (c) of this section, the amount of |
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the one-time payment to which the owner of an eligible residence |
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homestead is entitled under this section is determined by dividing |
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the amount appropriated to the comptroller under Section 4 of this |
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Act by the total number of eligible residence homesteads and |
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rounding down to the nearest whole dollar amount. |
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(c) If an eligible residence homestead is owned by two or |
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more persons, the amount of the one-time payment to which each owner |
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of the eligible residence homestead is entitled under this section |
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is determined by dividing the amount determined under Subsection |
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(b) of this section by the total number of owners of the eligible |
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residence homestead. |
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SECTION 3. RULES. The comptroller by rule shall establish |
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the process to be used to: |
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(1) determine which residence homesteads are eligible |
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residence homesteads; |
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(2) determine the amount of the one-time payment to |
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which each owner of an eligible residence homestead is entitled |
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under this Act; and |
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(3) distribute the one-time payments required under |
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this Act. |
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SECTION 4. APPROPRIATION. The amount of $7,907,194,307.50 |
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is appropriated to the comptroller from money received by this |
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state from the Coronavirus State and Local Fiscal Recovery Funds |
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(42 U.S.C. Sections 802 and 803) established under the American |
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Rescue Plan Act of 2021 (Pub. L. No. 117-2) and deposited to the |
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credit of the Coronavirus Relief Fund No. 325 for the purpose of |
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providing the one-time payments required under Section 2 of this |
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Act during the state fiscal year ending August 31, 2022. |
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SECTION 5. EXPIRATION. This Act expires December 31, 2022. |
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SECTION 6. EFFECTIVE DATE. This Act takes effect |
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immediately if it receives a vote of two-thirds of all the members |
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elected to each house, as provided by Section 39, Article III, Texas |
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Constitution. If this Act does not receive the vote necessary for |
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immediate effect, this Act takes effect on the 91st day after the |
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last day of the legislative session. |