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A JOINT RESOLUTION
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proposing a constitutional amendment authorizing the legislature |
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to permit the governing body of a political subdivision that |
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imposes ad valorem taxes on real property in Harris County, other |
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than a school district or junior college district, to establish a |
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limitation of not less than five percent on the maximum average |
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annual increase in the appraised value of residence homesteads for |
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ad valorem taxation by the political subdivision. |
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BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 1, Article VIII, Texas Constitution, is |
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amended by adding Subsection (i-1) to read as follows: |
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(i-1) Notwithstanding Subsections (a), (b), and (i) of this |
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section, the Legislature by general law may authorize the governing |
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body of a political subdivision that imposes ad valorem taxes on |
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real property in Harris County, other than a school district or |
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junior college district, to establish for purposes of ad valorem |
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taxation by the political subdivision a limitation on the maximum |
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average annual percentage increase in the appraised value of |
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residence homesteads of not less than five percent. A limitation on |
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increases in appraised value established under this subsection |
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takes effect and expires in the manner provided by Subsection (i) of |
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this section. If the governing body of a political subdivision |
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establishes a limitation on increases in appraised value under this |
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subsection applicable to a tax year for which the legislature has |
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enacted a limitation on increases in appraised value authorized by |
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Subsection (i) of this section, the lower percentage limitation |
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applies to ad valorem taxation by the political subdivision. If the |
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governing body of a political subdivision, other than a school |
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district or junior college district, establishes a limitation on |
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increases in appraised value under this subsection, the limitation |
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remains in effect until amended or repealed by the governing body of |
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the political subdivision. |
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SECTION 2. This proposed constitutional amendment shall be |
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submitted to the voters at an election to be held November 6, 2007. |
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The ballot shall be printed to permit voting for or against the |
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proposition: "The constitutional amendment authorizing the |
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legislature to permit the governing body of a political subdivision |
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that imposes ad valorem taxes on real property in Harris County, |
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other than a school district or junior college district, to |
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establish a limitation of not less than five percent on the maximum |
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average annual increase in the appraised value of residence |
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homesteads for ad valorem taxation by the political subdivision." |