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A JOINT RESOLUTION
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proposing a constitutional amendment abolishing ad valorem taxes |
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and limiting the rate and applicability of state and local sales and |
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use taxes. |
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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 Subsections (k), (l), and (m) to read as follows: |
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(k) A political subdivision of this state may not impose an |
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ad valorem tax on real or personal property in this state for any |
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purpose for any tax year beginning on or after January 1, 2016. |
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(l) The state takes full responsibility for the guarantee of |
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the repayment of all bonds issued by a county, municipality, school |
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district, or other political subdivision and secured by the revenue |
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from the ad valorem taxes imposed by those entities before January |
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1, 2016. The legislature shall enact laws for the implementation of |
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this subsection. |
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(m) The state may not impose a sales and use tax for state |
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purposes on any property or service that exceeds a rate of 11 |
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percent of the sales price or value of the property or service, or |
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that applies to the sale or use of food or medicine that was not |
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subject to a sales and use tax for state purposes on January 1, |
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2013. The maximum combined state and local sales and use tax rate |
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is 13 percent of the sales price or value of the property or |
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service. |
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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 5, 2013. |
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The ballot shall be printed to permit voting for or against the |
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proposition: "The constitutional amendment to abolish ad valorem |
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taxes and limit the rate and applicability of state and local sales |
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and use taxes." |