By:  Janek                                                      S.J.R. No. 4  

	(In the Senate - Filed July 21, 2005; July 21, 2005, read 

first time and referred to Committee on Finance; August 5, 2005, 

reported adversely, with favorable Committee Substitute by the 

following vote:  Yeas 8, Nays 2; August 5, 2005, sent to printer.)





COMMITTEE SUBSTITUTE FOR S.J.R. No. 4                                    By:  Janek





SENATE JOINT RESOLUTION





proposing a constitutional amendment authorizing the governing 

body of a political subdivision to establish for purposes of ad 

valorem taxation by the political subdivision a lower limit on the 

maximum average annual percentage increase in the appraised value 

of residence homesteads in the political subdivision.

	BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS:                       

	SECTION 1.  Section 1, Article VIII, Texas Constitution, is 

amended by adding Subsection (i-1) to read as follows:

	(i-1)  Notwithstanding Subsections (a), (b), and (i) of this 

section, the governing body of a political subdivision may 

establish for purposes of ad valorem taxation by the political 

subdivision a limit on the maximum average annual percentage 

increase in the appraised value of residence homesteads in the 

political subdivision that is less than 10 percent but not less than 

three percent.  A limitation on residence homestead appraisal 

increases established under this subsection takes effect and 

expires in the manner provided by Subsection (i) of this section.  

If the governing body of a political subdivision establishes a 

limit on appraisal increases under this subsection, the limitation 

remains in effect until amended, repealed, or rescinded by the 

governing body.  An amendment, repeal, or rescission of the limit on 

appraisal increases may not take effect before January 1 of the 

sixth tax year following the tax year in which the limitation on 

appraisal increases was established.  A subsequent amendment of the 

limit on appraisal increases may not take effect before January 1 of 

the sixth tax year following the tax year in which the preceding 

amendment was adopted.

	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 

governing body of a political subdivision to establish for purposes 

of ad valorem taxation by the political subdivision a lower limit on 

the maximum average annual percentage increase in the appraised 

value of residence homesteads in the political subdivision."







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