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.