79S10126 SMH-D

By:  Shapleigh                                                  S.J.R. No. 14 


A JOINT RESOLUTION
proposing a constitutional amendment authorizing the legislature to provide ad valorem tax relief to individuals who lease or rent their principal residences by rebating a portion of the taxes imposed on that residential property. BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS: SECTION 1. Article III, Texas Constitution, is amended by adding Section 52-c to read as follows: Sec. 52-c. Notwithstanding any other provision of this constitution, to provide ad valorem tax relief, the legislature by general law may authorize the state to pay an ad valorem tax rebate to an individual who leases or rents as the individual's principal residence a residential dwelling unit on which ad valorem taxes are imposed. The legislature may establish procedures for the making of payments and requirements for eligibility for a payment and may specify the method for determining the amount of the payment an individual is eligible to receive. SECTION 2. This proposed constitutional amendment shall be submitted to the voters at an election to be held November 8, 2005. The ballot shall be printed to permit voting for or against the proposition: "The constitutional amendment authorizing the legislature to provide ad valorem tax relief to individuals who lease or rent their principal residences by rebating a portion of the taxes imposed on that residential property."