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A JOINT RESOLUTION
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proposing a constitutional amendment authorizing the legislature |
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to provide for a local option election in the Metropolitan Transit |
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Authority of Harris County to set a limitation of not less than |
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three percent on the maximum average annual increase in the |
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appraised value of residence homesteads for purposes of ad valorem |
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taxation by each county, municipality, and junior college district |
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in the territory of the transit authority and to require the |
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redistribution of a portion of the sales and use tax revenue of the |
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transit authority to those political subdivisions. |
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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 may authorize the Commissioners Court of |
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Harris County to call an election in the Metropolitan Transit |
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Authority of Harris County to permit the voters of the transit |
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authority to determine by majority vote whether to establish for |
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purposes of ad valorem taxation by each county, municipality, and |
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junior college district in the territory of the transit authority a |
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limitation on the maximum average annual percentage increase in the |
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appraised value of residence homesteads in the applicable political |
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subdivision of not less than three percent and concurrently to |
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permit the voters of the transit authority to determine by majority |
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vote whether not more than one-eighth of the sales and use tax |
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revenue of the transit authority shall be redistributed to those |
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political subdivisions. The ballot proposition shall specify the |
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proposed percentage limitation on increases in appraised value and |
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the proposed portion of the sales and use tax revenue to be |
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redistributed. A limitation on increases in appraised value |
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established under this subsection takes effect and expires in the |
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manner provided by Subsection (i) of this section for a limitation |
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enacted under that subsection. If the voters of the Metropolitan |
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Transit Authority of Harris County establish a limitation on |
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increases in appraised value under this subsection applicable to a |
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tax year for which the Legislature has enacted a limitation under |
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Subsection (i) of this section, the lower percentage limitation |
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applies to ad valorem taxation by each county, municipality, and |
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junior college district in the territory of the transit authority. |
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If the voters of the Metropolitan Transit Authority of Harris |
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County establish a limitation on increases in appraised value under |
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this subsection, the limitation remains in effect until amended or |
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repealed by the voters of the transit authority at a subsequent |
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election called by the Commissioners Court of Harris County. An |
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amendment or repeal of a limitation on increases in appraised value |
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under this subsection may not take effect before January 1 of the |
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tax year following the year in which the election at which the |
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limitation is amended or repealed is held. If a county, |
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municipality, or junior college district to which this subsection |
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applies has boundaries extending outside the territory of the |
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Metropolitan Transit Authority of Harris County, a limitation on |
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increases in appraised value under this subsection applies only to |
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residence homesteads located in the portion of the applicable |
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political subdivision that is located in the territory of the |
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transit authority. |
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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 provide for a local option election in the |
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Metropolitan Transit Authority of Harris County to set a limitation |
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of not less than three percent on the maximum average annual |
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increase in the appraised value of residence homesteads for |
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purposes of ad valorem taxation by each county, municipality, and |
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junior college district in the territory of the transit authority |
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and to require the redistribution of not more than one-eighth of the |
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sales and use tax revenue of the transit authority to those |
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political subdivisions." |