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.
1-45 * * * * *