| |
| |
|
|
A BILL TO BE ENTITLED
|
|
|
AN ACT
|
|
|
relating to the amounts of certain residence homestead exemptions |
|
|
from ad valorem taxation and the adjustment of the amounts of those |
|
|
exemptions applicable to a homestead based on changes in the |
|
|
appraised value of the homestead. |
|
|
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
|
|
SECTION 1. Sections 11.13(a) and (b), Tax Code, are amended |
|
|
to read as follows: |
|
|
(a) A family or single adult is entitled to an exemption |
|
|
from taxation for the county purposes authorized in Article VIII, |
|
|
Section 1-a, of the Texas Constitution of a portion [$3,000] of the |
|
|
assessed value of the family's or single adult's [his] residence |
|
|
homestead. For the later of the 2010 tax year or the first tax year |
|
|
the family or single adult receives the exemption for the residence |
|
|
homestead, the amount of the exemption is $6,000. For each |
|
|
subsequent tax year, the amount of the exemption shall be |
|
|
calculated by the chief appraiser by multiplying the amount of the |
|
|
exemption for the preceding tax year by the percentage change in the |
|
|
appraised value of the residence homestead from the preceding tax |
|
|
year and adding that amount to the amount of the exemption for the |
|
|
preceding tax year. |
|
|
(b) An adult is entitled to exemption from taxation by a |
|
|
school district of a portion [$15,000] of the appraised value of the |
|
|
adult's residence homestead in the amount provided by this |
|
|
subsection, except that only $5,000 [$10,000] of the exemption |
|
|
applies [does not apply] to an entity operating under former |
|
|
Chapter 17, 18, 25, 26, 27, or 28, Education Code, as those chapters |
|
|
existed on May 1, 1995, as permitted by Section 11.301, Education |
|
|
Code. For the later of the 2010 tax year or the first tax year the |
|
|
adult receives the exemption for the residence homestead, the |
|
|
amount of the exemption is $30,000. For each subsequent tax year, |
|
|
the amount of the exemption shall be calculated by the chief |
|
|
appraiser by multiplying the amount of the exemption for the |
|
|
preceding tax year by the percentage change in the appraised value |
|
|
of the residence homestead from the preceding tax year and adding |
|
|
that amount to the amount of the exemption for the preceding tax |
|
|
year. |
|
|
SECTION 2. Section 42.2511(a), Education Code, is amended |
|
|
to read as follows: |
|
|
(a) Notwithstanding any other provision of this chapter, a |
|
|
school district is entitled to additional state aid to the extent |
|
|
that state aid under this chapter based on the determination of the |
|
|
school district's taxable value of property as provided under |
|
|
Subchapter M, Chapter 403, Government Code, does not fully |
|
|
compensate the district for ad valorem tax revenue lost due to: |
|
|
(1) the increase in the homestead exemption under |
|
|
Section 1-b(c), Article VIII, Texas Constitution, as proposed by |
|
|
H.J.R. No. 4, 75th Legislature, Regular Session, 1997, and the |
|
|
additional limitation on tax increases under Section 1-b(d), |
|
|
Article VIII, Texas Constitution, as proposed by H.J.R. No. 4, 75th |
|
|
Legislature, Regular Session, 1997; [and] |
|
|
(2) the reduction of the limitation on tax increases |
|
|
to reflect any reduction in the school district tax rate as provided |
|
|
by Section 11.26(a-1), (a-2), or (a-3), Tax Code, as applicable; |
|
|
and |
|
|
(3) the increase in the homestead exemption from ad |
|
|
valorem taxation for general elementary and secondary public school |
|
|
purposes under Section 1-b(c), Article VIII, Texas Constitution, as |
|
|
proposed by the 81st Legislature, Regular Session, 2009. |
|
|
SECTION 3. Section 403.302(j), Government Code, is amended |
|
|
to read as follows: |
|
|
(j) For purposes of Section 42.2511, Education Code, the |
|
|
comptroller shall certify to the commissioner of education: |
|
|
(1) a final value for each school district computed on |
|
|
a residence homestead exemption under Section 1-b(c), Article VIII, |
|
|
Texas Constitution, of $5,000; |
|
|
(2) a final value for each school district computed |
|
|
on: |
|
|
(A) a residence homestead exemption under |
|
|
Section 1-b(c), Article VIII, Texas Constitution, of $15,000; and |
|
|
(B) the effect of the additional limitation on |
|
|
tax increases under Section 1-b(d), Article VIII, Texas |
|
|
Constitution, as proposed by H.J.R. No. 4, 75th Legislature, |
|
|
Regular Session, 1997; [and] |
|
|
(3) a final value for each school district computed on |
|
|
the effect of the reduction of the limitation on tax increases to |
|
|
reflect any reduction in the school district tax rate as provided by |
|
|
Section 11.26(a-1), (a-2), or (a-3), Tax Code, as applicable; and |
|
|
(4) a final value for each school district computed on |
|
|
a residence homestead exemption from ad valorem taxation for |
|
|
general elementary and secondary public school purposes under |
|
|
Section 1-b(c), Article VIII, Texas Constitution, of the average |
|
|
amount determined under that section for a homestead in the school |
|
|
district for the tax year in which the school year for which the |
|
|
additional state aid is to be determined begins. |
|
|
SECTION 4. This Act applies only to ad valorem taxes imposed |
|
|
for a tax year beginning on or after the effective date of this Act. |
|
|
SECTION 5. This Act takes effect January 1, 2010, but only |
|
|
if the constitutional amendment proposed by the 81st Legislature, |
|
|
Regular Session, 2009, increasing the amounts of certain residence |
|
|
homestead exemptions from ad valorem taxation and providing for the |
|
|
adjustment of the amounts of those exemptions applicable to a |
|
|
homestead based on changes in the appraised value of the homestead |
|
|
is approved by the voters. If that amendment is not approved by the |
|
|
voters, this Act has no effect. |