1-1     By:  Carona                                            S.B. No. 435
 1-2           (In the Senate - Filed February 8, 1999; February 9, 1999,
 1-3     read first time and referred to Committee on Intergovernmental
 1-4     Relations; February 25, 1999, reported favorably by the following
 1-5     vote:  Yeas 5, Nays 0; February 25, 1999, sent to printer.)
 1-6                            A BILL TO BE ENTITLED
 1-7                                   AN ACT
 1-8     relating to the deadline for the adoption of an optional exemption
 1-9     from ad valorem taxation on residence homesteads.
1-10           BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
1-11           SECTION 1.  Subsection (n), Section 11.13, Tax Code, is
1-12     amended to read as follows:
1-13           (n)  In addition to any other exemptions provided by this
1-14     section, an individual is entitled to an exemption from taxation by
1-15     a taxing unit of a percentage of the appraised value of his
1-16     residence homestead if the exemption is adopted by the governing
1-17     body of the taxing unit before July [May] 1 in the manner provided
1-18     by law for official action by the body.  If the percentage set by
1-19     the taxing unit produces an exemption in a tax year of less than
1-20     $5,000 when applied to a particular residence homestead, the
1-21     individual is entitled to an exemption of $5,000 of the appraised
1-22     value.  The percentage adopted by the taxing unit may not exceed 20
1-23     percent.
1-24           SECTION 2.  Subsection (a), Section 25.23, Tax Code, is
1-25     amended to read as follows:
1-26           (a)  After submission of appraisal records, the chief
1-27     appraiser shall prepare supplemental appraisal records listing:
1-28                 (1)  each taxable property the chief appraiser [he]
1-29     discovers that is not included in the records already submitted,
1-30     including property that was omitted from an appraisal roll in a
1-31     prior tax year;
1-32                 (2)  [, and listing] property on which the appraisal
1-33     review board has not determined a protest at the time of its
1-34     approval of the appraisal records; and
1-35                 (3)  property that qualifies for an exemption under
1-36     Section 11.13(n) that was adopted by the governing body of a taxing
1-37     unit after the date the appraisal records were submitted.
1-38           SECTION 3.  The importance of this legislation and the
1-39     crowded condition of the calendars in both houses create an
1-40     emergency and an imperative public necessity that the
1-41     constitutional rule requiring bills to be read on three several
1-42     days in each house be suspended, and this rule is hereby suspended,
1-43     and that this Act take effect and be in force from and after its
1-44     passage, and it is so enacted.
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