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79S30603 JD-D

By:  Barrientos                                                   S.B. No. 17 



A BILL TO BE ENTITLED

AN ACT

relating to increasing the minimum amount of the local option 
residence homestead exemption from ad valorem taxation by a taxing 
unit.
	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:                        
	SECTION 1.  Section 11.13, Tax Code, is amended by amending 
Subsection (n) and adding Subsection (n-1) to read as follows:
	(n)  In addition to any other exemptions provided by this 
section, an individual is entitled to an exemption from taxation by 
a taxing unit of a percentage of the appraised value of the 
individual's [his] residence homestead if the exemption is adopted 
by the governing body of the taxing unit before July 1 in the manner 
provided by law for official action by the body.  If the percentage 
set by the taxing unit produces an exemption in a tax year of less 
than $15,000 [$5,000] when applied to a particular residence 
homestead, the individual is entitled to an exemption of $15,000 
[$5,000] of the appraised value.  The percentage adopted by the 
taxing unit may not exceed 20 percent.
	(n-1)  Notwithstanding Subsection (n), if the governing body 
of a taxing unit adopted the exemption under that subsection before 
January 1, 2007, until the exemption is subsequently changed by the 
governing body, the exemption continues in effect at the greater 
of:
		(1)  the percentage amount in effect for the 2006 tax 
year; or       
		(2)  the amount of $5,000 of the appraised value.                      
	SECTION 2.  This Act takes effect January 1, 2007, and 
applies only to ad valorem taxes imposed for a tax year beginning on 
or after that date, but only if the constitutional amendment 
proposed by the 79th Legislature, 3rd Called Session, 2006, to 
increase the minimum amount of the local option residence homestead 
exemption from ad valorem taxation by a political subdivision is 
approved by the voters.  If that amendment is not approved by the 
voters, this Act has no effect.