Amend CSHJR 1 by adding the following appropriately numbered
Sections to the resolution and renumbering existing Sections
accordingly:
SECTION ____. Subsection (c), Section 1-b, Article VIII,
Texas Constitution, is amended to read as follows:
(c) Forty Five[Fifteen] Thousand Dollars (45,000)[($15,000)]
of the market value of the residence homestead of a married or
unmarried adult, including one living alone, is exempt from ad
valorem taxation for general elementary and secondary public school
purposes. The legislature by general law may provide that all or
part of the exemption does not apply to a district or political
subdivision that imposes ad valorem taxes for public education
purposes but is not the principal school district providing general
elementary and secondary public education throughout its
territory. In addition to this exemption, the legislature by
general law may exempt an amount not to exceed Ten Thousand Dollars
($10,000) of the market value of the residence homestead of a person
who is disabled as defined in Subsection (b) of this section and of
a person sixty-five (65) years of age or older from ad valorem
taxation for general elementary and secondary public school
purposes. The legislature by general law may base the amount of and
condition eligibility for the additional exemption authorized by
this subsection for disabled persons and for persons sixty-five
(65) years of age or older on economic need. An eligible disabled
person who is sixty-five (65) years of age or older may not receive
both exemptions from a school district but may choose either. An
eligible person is entitled to receive both the exemption required
by this subsection for all residence homesteads and any exemption
adopted pursuant to Subsection (b) of this section, but the
legislature shall provide by general law whether an eligible
disabled or elderly person may receive both the additional
exemption for the elderly and disabled authorized by this
subsection and any exemption for the elderly or disabled adopted
pursuant to Subsection (b) of this section. Where ad valorem tax
has previously been pledged for the payment of debt, the taxing
officers of a school district may continue to levy and collect the
tax against the value of homesteads exempted under this subsection
until the debt is discharged if the cessation of the levy would
impair the obligation of the contract by which the debt was created.
The legislature shall provide for formulas to protect school
districts against all or part of the revenue loss incurred by the
implementation of Article VIII, Sections 1-b(c), 1-b(d), and 1-d-1,
of this constitution. The legislature by general law may define
residence homestead for purposes of this section.
SECTION ____. Amend the submission clause in the resolution
accordingly.