By Price                                              H.B. No. 2576
       74R7872 JD-D
                                 A BILL TO BE ENTITLED
    1-1                                AN ACT
    1-2  relating to the amount of the taxable value of a residence
    1-3  homestead that is exempt from ad valorem taxation by a county or
    1-4  school district.
    1-5        BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
    1-6        SECTION 1.  Sections 11.13(a), (b), and (c), Tax Code, are
    1-7  amended to read as follows:
    1-8        (a)  A family or single adult is entitled to an exemption
    1-9  from taxation for the county purposes authorized in Article VIII,
   1-10  Section 1-a, of the Texas Constitution of $5,000 <$3,000> of the
   1-11  assessed value of his residence homestead.
   1-12        (b)  An adult is entitled to exemption from taxation by a
   1-13  school district of $10,000 <$5,000> of the appraised value of his
   1-14  residence homestead.
   1-15        (c)  In addition to the exemption provided by Subsection (b)
   1-16  of this section, an adult who is disabled or is 65 or older is
   1-17  entitled to an exemption from taxation by a school district of
   1-18  $20,000 <$10,000> of the appraised value of his residence
   1-19  homestead.
   1-20        SECTION 2.  This Act takes effect January 1, 1996, but only
   1-21  if the constitutional amendment proposed by the 74th Legislature,
   1-22  Regular Session, 1995, to increase the amount of the taxable value
   1-23  of a residence homestead that is or may be exempt from ad valorem
   1-24  taxation by a county or school district, is approved by the voters.
    2-1  If that proposed constitutional amendment is not approved by the
    2-2  voters, this Act has no effect.
    2-3        SECTION 3.  The importance of this legislation and the
    2-4  crowded condition of the calendars in both houses create an
    2-5  emergency and an imperative public necessity that the
    2-6  constitutional rule requiring bills to be read on three several
    2-7  days in each house be suspended, and this rule is hereby suspended.