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Amend CSSJR 1 (house committee printing) as follows:
(1) On page 1, line 8, strike "1-b(c) and (d)" and substitute "1-b(c), (d), and (e)".
(2) On page 4, between lines 9 and 10, insert the following:
(e) The governing body of a political subdivision, other than a county education district, may exempt from ad valorem taxation a percentage of the market value of the residence homestead of a married or unmarried adult, including one living alone. In the manner provided by law, the voters of a county education district at an election held for that purpose may exempt from ad valorem taxation a percentage of the market value of the residence homestead of a married or unmarried adult, including one living alone. The percentage may not exceed twenty percent. However, the amount of an exemption authorized pursuant to this subsection may not be less than [Five Thousand Dollars (]$5,000[)] unless the legislature by general law prescribes other monetary restrictions on the amount of the exemption. The legislature by general law may prohibit the governing body of a political subdivision that adopts an exemption under this subsection from reducing the amount of or repealing the exemption. An eligible adult is entitled to receive other applicable exemptions provided by law. Where ad valorem tax has previously been pledged for the payment of debt, the governing body of a political subdivision may continue to levy and collect the tax against the value of the homesteads exempted under this subsection until the debt is discharged if the cessation of the levy would impair the obligation of the contract by which the debt was created. The legislature by general law may prescribe procedures for the administration of residence homestead exemptions.
(3) Insert the following appropriately numbered SECTION and renumber the subsequent SECTIONS of the joint resolution accordingly:
SECTION ____. Article VIII, Texas Constitution, is amended by adding Section 29 to read as follows:
Sec. 29. (a) After January 1, 2016, no law may be enacted that imposes a transfer tax on a transaction that conveys fee simple title to real property.
(b) This section does not prohibit:
(1) the imposition of a general business tax measured by business activity;
(2) the imposition of a tax on the production of minerals;
(3) the imposition of a tax on the issuance of title insurance; or
(4) the change of a rate of a tax in existence on January 1, 2016.
(4) On page 4, line 15, strike "1-b(c) and (d)" and substitute "1-b(c), (d), and (e)".
(5) On page 4, line 24, strike "$25,000 and" and substitute "$25,000,".
(6) On page 5, line 1, between "amount" and the period, insert ", authorizing the legislature to prohibit a political subdivision that has adopted an optional residence homestead exemption from ad valorem taxation from reducing the amount of or repealing the exemption, and prohibiting the enactment of a law that imposes a transfer tax on a transaction that conveys fee simple title to real property".