By: Carona S.B. No. 435
A BILL TO BE ENTITLED
AN ACT
1-1 relating to the deadline for the adoption of an optional exemption
1-2 from ad valorem taxation on residence homesteads.
1-3 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
1-4 SECTION 1. Subsection (n), Section 11.13, Tax Code, is
1-5 amended to read as follows:
1-6 (n) In addition to any other exemptions provided by this
1-7 section, an individual is entitled to an exemption from taxation by
1-8 a taxing unit of a percentage of the appraised value of his
1-9 residence homestead if the exemption is adopted by the governing
1-10 body of the taxing unit before July [May] 1 in the manner provided
1-11 by law for official action by the body. If the percentage set by
1-12 the taxing unit produces an exemption in a tax year of less than
1-13 $5,000 when applied to a particular residence homestead, the
1-14 individual is entitled to an exemption of $5,000 of the appraised
1-15 value. The percentage adopted by the taxing unit may not exceed 20
1-16 percent.
1-17 SECTION 2. Subsection (a), Section 25.23, Tax Code, is
1-18 amended to read as follows:
1-19 (a) After submission of appraisal records, the chief
1-20 appraiser shall prepare supplemental appraisal records listing:
1-21 (1) each taxable property the chief appraiser [he]
1-22 discovers that is not included in the records already submitted,
1-23 including property that was omitted from an appraisal roll in a
1-24 prior tax year;
2-1 (2) [, and listing] property on which the appraisal
2-2 review board has not determined a protest at the time of its
2-3 approval of the appraisal records; and
2-4 (3) property that qualifies for an exemption under
2-5 Section 11.13(n) that was adopted by the governing body of a taxing
2-6 unit after the date the appraisal records were submitted.
2-7 SECTION 3. The importance of this legislation and the
2-8 crowded condition of the calendars in both houses create an
2-9 emergency and an imperative public necessity that the
2-10 constitutional rule requiring bills to be read on three several
2-11 days in each house be suspended, and this rule is hereby suspended,
2-12 and that this Act take effect and be in force from and after its
2-13 passage, and it is so enacted.