By Carona                                              S.B. No. 435
         76R984 SMH-D                           
                                A BILL TO BE ENTITLED
 1-1                                   AN ACT
 1-2     relating to the deadline for the adoption of an optional exemption
 1-3     from ad valorem taxation on residence homesteads.
 1-4           BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
 1-5           SECTION 1.  Section 11.13(n), Tax Code, is amended to read as
 1-6     follows:
 1-7           (n)  In addition to any other exemptions provided by this
 1-8     section, an individual is entitled to an exemption from taxation by
 1-9     a taxing unit of a percentage of the appraised value of his
1-10     residence homestead if the exemption is adopted by the governing
1-11     body of the taxing unit before July [May] 1 in the manner provided
1-12     by law for official action by the body.  If the percentage set by
1-13     the taxing unit produces an exemption in a tax year of less than
1-14     $5,000 when applied to a particular residence homestead, the
1-15     individual is entitled to an exemption of $5,000 of the appraised
1-16     value.  The percentage adopted by the taxing unit may not exceed 20
1-17     percent.
1-18           SECTION 2.  Section 25.23(a), Tax Code, is amended to read as
1-19     follows:
1-20           (a)  After submission of appraisal records, the chief
1-21     appraiser shall prepare supplemental appraisal records listing:
1-22                 (1)  each taxable property the chief appraiser [he]
1-23     discovers that is not included in the records already submitted,
1-24     including property that was omitted from an appraisal roll in a
 2-1     prior tax year;
 2-2                 (2)  [, and listing] property on which the appraisal
 2-3     review board has not determined a protest at the time of its
 2-4     approval of the appraisal records; and
 2-5                 (3)  property that qualifies for an exemption under
 2-6     Section 11.13(n) that was adopted by the governing body of a taxing
 2-7     unit after the date the appraisal records were submitted.
 2-8           SECTION 3.  The importance of this legislation and the
 2-9     crowded condition of the calendars in both houses create an
2-10     emergency and an imperative public necessity that the
2-11     constitutional rule requiring bills to be read on three several
2-12     days in each house be suspended, and this rule is hereby suspended,
2-13     and that this Act take effect and be in force from and after its
2-14     passage, and it is so enacted.