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.