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78R2950 SMH-D

By:  Nixon                                                        H.B. No. 536



A BILL TO BE ENTITLED

AN ACT

relating to the calculation of the limitation on school district ad 
valorem taxes on the residence homesteads of certain elderly 
persons.
	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:                        
	SECTION 1.  An individual who at any time in the 1997, 1998, 
or 1999 tax year qualified a residence homestead for an exemption 
under Section 11.13(c) or (d), Tax Code, for an individual 65 years 
of age or older is considered to have qualified that homestead for 
that exemption on January 1 of that tax year for purposes of 
computing the limitation on tax increases in a subsequent year on 
that homestead or on a subsequent homestead as provided by Section 
11.26, Tax Code.
	SECTION 2.  (a)  This Act takes effect immediately if it 
receives a vote of two-thirds of all the members elected to each 
house, as provided by Section 39, Article III, Texas Constitution.  
If this Act does not receive the vote necessary for immediate 
effect, this Act takes effect September 1, 2003.
	(b)  This Act is intended to clarify existing law relating to 
the calculation of the limitation on school district ad valorem 
taxes on the residence homesteads of certain elderly persons in 
effect before the effective date of this Act and is not intended to 
make a substantive change in the law.