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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 phase-in of the ad valorem taxes imposed by certain |
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political subdivisions on the value of a new improvement to the |
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residence homestead of a low-income or moderate-income person. |
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BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Article VIII, Texas Constitution, is amended by |
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adding Section 1-q to read as follows: |
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Sec. 1-q. The legislature by general law may provide that a |
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low-income or moderate-income person, as defined by the |
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legislature, who makes a new improvement to the person's residence |
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homestead is entitled to pay less than the full amount of ad valorem |
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taxes imposed on the portion of the taxable value of the residence |
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homestead attributable to the new improvement for a period not to |
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exceed five years so as to phase in the full amount of the taxes |
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attributable to the improvement. The general law must provide that |
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the percentage of the taxes attributable to the new improvement |
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that must be paid is increased in each year of the phase-in period. |
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This section does not apply to ad valorem taxes imposed for general |
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elementary and secondary public school purposes or imposed by a |
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hospital district. |
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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 phase-in of the ad valorem taxes |
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imposed by certain political subdivisions on the value of a new |
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improvement to the residence homestead of a low-income or |
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moderate-income person." |