SRC-TAG, MLC, TAG S.J.R. 10 78(R)   BILL ANALYSIS


Senate Research Center   S.J.R. 10
78R2977 RCJ-DBy: Janek
Finance
4/15/2003
As Filed


DIGEST AND PURPOSE 
 
As proposed, S.J.R. 10 proposes a constitutional amendment to place a 10
percent cap on the maximum average annual increase of the appraised value
of homestead. 

RULEMAKING AUTHORITY

This bill does not expressly grant any additional rulemaking authority to
a state officer, institution, or agency. 

SECTION BY SECTION ANALYSIS

SECTION 1.  Amends Section 1(i), Article VIII, Texas Constitution, to
authorize the legislature by general law to limit the maximum average
annual percentage increase in the appraised value of residence homesteads
for ad valorem tax purposes to 10 percent or a lesser, rather than
greater, percentage for each year since the most recent tax appraisal,
notwithstanding Subsections (a) and (b) of this section.   

SECTION 2.  Requires this proposed constitutional amendment to be
submitted to the voters at an election held on November 4, 2003.  Requires
the ballot to be printed to permit voting for or against the proposition:
"The constitutional amendment to authorize the legislature to set a limit
of less than 10 percent on annual increases in the appraised value of a
residence homestead for ad valorem tax purposes."