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A BILL TO BE ENTITLED
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AN ACT
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relating to the continuation of a limitation on increases in the |
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appraised value of a residence homestead for ad valorem tax |
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purposes if the property is acquired by and qualifies as the |
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homestead of an heir of the owner or the owner's spouse or surviving |
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spouse. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 23.23, Tax Code, is amended by amending |
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Subsection (c) and adding Subsection (c-2) to read as follows: |
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(c) The limitation provided by Subsection (a) takes effect |
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as to a residence homestead on January 1 of the tax year following |
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the first tax year the owner qualifies the property for an exemption |
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under Section 11.13. [The limitation expires on January 1 of the |
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first tax year that neither the owner of the property when the |
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limitation took effect nor the owner's spouse or surviving spouse |
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qualifies for an exemption under Section 11.13.] |
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(c-2) The limitation provided by Subsection (a) expires as |
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to a residence homestead on January 1 of the first tax year that |
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none of the following individuals qualify for an exemption under |
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Section 11.13 with respect to the property: |
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(1) the owner of the property when the limitation took |
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effect; |
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(2) the owner's spouse or surviving spouse; or |
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(3) the first heir property owner to acquire the |
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property as heir property from an individual described by |
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Subdivision (1) or (2). |
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SECTION 2. This Act applies only to the appraisal for ad |
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valorem tax purposes of residence homesteads for a tax year that |
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begins on or after the effective date of this Act. |
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SECTION 3. This Act takes effect January 1, 2024, but only |
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if the constitutional amendment proposed by the 88th Legislature, |
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Regular Session, 2023, to authorize the legislature to provide for |
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the continuation of a limitation on the maximum appraised value of a |
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residence homestead for ad valorem tax purposes if the property is |
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acquired by and qualifies as the homestead of an heir of the owner |
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or the owner's spouse or surviving spouse is approved by the voters. |
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If that amendment is not approved by the voters, this Act has no |
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effect. |