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A JOINT RESOLUTION
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proposing a constitutional amendment authorizing the legislature |
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to exempt a portion of the assessed value of the residence homestead |
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of an elderly person from ad valorem taxation by a fresh water |
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supply district. |
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BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 1-b, Article VIII, Texas Constitution, |
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is amended by adding Subsection (j) to read as follows: |
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(j) The legislature by general law may exempt $100,000 of |
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the assessed value of the residence homestead of a person who is 65 |
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years of age or older from ad valorem taxation by a conservation and |
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reclamation district created under Section 59, Article XVI, of this |
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constitution to conserve, transport, and distribute fresh water |
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from any source for domestic and commercial purposes. Where ad |
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valorem tax has previously been pledged for the payment of debt, the |
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taxing officers of a district to which this subsection applies may |
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continue to levy and collect the tax against the value of the |
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homesteads exempted under this subsection until the debt is |
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discharged if the cessation of the levy would impair the obligation |
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of the contract by which the debt was created. |
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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 3, 2009. |
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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 exempt a portion of the assessed value of the |
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residence homestead of an elderly person from ad valorem taxation |
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by a fresh water supply district." |