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A JOINT RESOLUTION
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proposing a constitutional amendment relating to the eligibility of |
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property to continue to receive a residence homestead exemption |
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from ad valorem taxation for not more than three years after the |
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property ceases to be the owner's principal residence if the |
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property is being offered for sale. |
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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 provide for the owner |
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of a qualified residential structure and the land and improvements |
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used in the residential occupancy of the structure for which the |
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owner receives an exemption under this section to continue to |
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receive the exemption for not more than three years after the owner |
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ceases to occupy the structure as the owner's residence homestead |
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regardless of whether the owner establishes a different principal |
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residence for which the owner receives an exemption under this |
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section if the structure for which the owner received the exemption |
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is not occupied by or leased to any person, is being actively |
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offered for sale, and is not used for any business or commercial |
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purpose. If the property is subject to a limitation provided by law |
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under Subsection (d) or (h) of this section when the owner ceases to |
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occupy the structure as the owner's residence homestead, the |
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legislature may provide that the limitation continues in effect so |
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long as the residence homestead exemption continues in effect under |
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this subsection regardless of whether the owner establishes a |
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different principal residence for which the owner receives an |
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exemption under this section and regardless of whether all or a |
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proportionate amount of the limitation is transferred to that |
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residence. |
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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 8, 2011. |
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The ballot shall be printed to permit voting for or against the |
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proposition: "The constitutional amendment relating to the |
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eligibility of property to continue to receive a residence |
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homestead exemption from ad valorem taxation for not more than |
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three years after the property ceases to be the owner's principal |
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residence if the property is being offered for sale." |