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.