| |
| |
|
|
SENATE JOINT RESOLUTION
|
|
|
proposing a constitutional amendment increasing the amount of the |
|
|
residence homestead exemption from ad valorem taxation for public |
|
|
school purposes. |
|
|
BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
|
|
SECTION 1. Section 1-b(c), Article VIII, Texas |
|
|
Constitution, is amended to read as follows: |
|
|
(c) The amount of $40,000 [$25,000] of the market value of |
|
|
the residence homestead of a married or unmarried adult, including |
|
|
one living alone, is exempt from ad valorem taxation for general |
|
|
elementary and secondary public school purposes. The legislature |
|
|
by general law may provide that all or part of the exemption does |
|
|
not apply to a district or political subdivision that imposes ad |
|
|
valorem taxes for public education purposes but is not the |
|
|
principal school district providing general elementary and |
|
|
secondary public education throughout its territory. In addition |
|
|
to this exemption, the legislature by general law may exempt an |
|
|
amount not to exceed $10,000 of the market value of the residence |
|
|
homestead of a person who is disabled as defined in Subsection (b) |
|
|
of this section and of a person 65 years of age or older from ad |
|
|
valorem taxation for general elementary and secondary public school |
|
|
purposes. The legislature by general law may base the amount of |
|
|
and condition eligibility for the additional exemption authorized |
|
|
by this subsection for disabled persons and for persons 65 years of |
|
|
age or older on economic need. An eligible disabled person who is |
|
|
65 years of age or older may not receive both exemptions from a |
|
|
school district but may choose either. An eligible person is |
|
|
entitled to receive both the exemption required by this subsection |
|
|
for all residence homesteads and any exemption adopted pursuant to |
|
|
Subsection (b) of this section, but the legislature shall provide |
|
|
by general law whether an eligible disabled or elderly person may |
|
|
receive both the additional exemption for the elderly and disabled |
|
|
authorized by this subsection and any exemption for the elderly or |
|
|
disabled adopted pursuant to Subsection (b) of this section. Where |
|
|
ad valorem tax has previously been pledged for the payment of debt, |
|
|
the taxing officers of a school district may continue to levy and |
|
|
collect the tax against the value of 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 shall provide for formulas to protect |
|
|
school districts against all or part of the revenue loss incurred by |
|
|
the implementation of this subsection, Subsection (d) of this |
|
|
section, and Section 1-d-1 of this article. The legislature by |
|
|
general law may define residence homestead for purposes of this |
|
|
section. |
|
|
SECTION 2. The following temporary provision is added to |
|
|
the Texas Constitution: |
|
|
TEMPORARY PROVISION. (a) This temporary provision applies |
|
|
to the constitutional amendment proposed by the 87th Legislature, |
|
|
3rd Called Session, 2021, increasing the amount of the residence |
|
|
homestead exemption from ad valorem taxation for public school |
|
|
purposes. |
|
|
(b) The amendment to Section 1-b(c), Article VIII, of this |
|
|
constitution takes effect January 1, 2022, and applies only to a tax |
|
|
year beginning on or after that date. |
|
|
(c) This temporary provision expires January 1, 2023. |
|
|
SECTION 3. This proposed constitutional amendment shall be |
|
|
submitted to the voters at an election to be held May 7, 2022. The |
|
|
ballot shall be printed to permit voting for or against the |
|
|
proposition: "The constitutional amendment increasing the amount |
|
|
of the residence homestead exemption from ad valorem taxation for |
|
|
public school purposes from $25,000 to $40,000." |