By West S.B. No. 926
74R4618 SMH-D
A BILL TO BE ENTITLED
1-1 AN ACT
1-2 relating to an exemption of part of the market value of the
1-3 residence homestead of a disabled or elderly person from ad valorem
1-4 taxation by a school district.
1-5 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
1-6 SECTION 1. Section 11.13, Tax Code, is amended by amending
1-7 Subsection (i) and adding Subsection (q) to read as follows:
1-8 (i) The assessor and collector for a taxing unit may
1-9 disregard the exemptions authorized by Subsection (b), (c), (d),
1-10 <or> (n), or (q) of this section and assess and collect a tax
1-11 pledged for payment of debt without deducting the amount of the
1-12 exemption if:
1-13 (1) prior to adoption of the exemption, the unit
1-14 pledged the taxes for the payment of a debt; and
1-15 (2) granting the exemption would impair the obligation
1-16 of the contract creating the debt.
1-17 (q) In addition to the other exemptions provided by this
1-18 section, a person who is disabled or is at least 65 years of age is
1-19 entitled to an exemption from taxation by a school district of
1-20 $10,000 of the market value of the person's residence homestead.
1-21 SECTION 2. This Act takes effect January 1, 1996, and
1-22 applies only to taxes imposed for tax years beginning on or after
1-23 that date, but only if the constitutional amendment proposed by the
1-24 74th Legislature, Regular Session, 1995, to exempt $10,000 of the
2-1 market value of the residence homestead of a disabled or elderly
2-2 person from ad valorem taxation by a school district is approved by
2-3 the voters. If that amendment is not approved by the voters, this
2-4 Act has no effect.
2-5 SECTION 3. The importance of this legislation and the
2-6 crowded condition of the calendars in both houses create an
2-7 emergency and an imperative public necessity that the
2-8 constitutional rule requiring bills to be read on three several
2-9 days in each house be suspended, and this rule is hereby suspended.