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A JOINT RESOLUTION
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proposing a constitutional amendment authorizing the governing |
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body of certain political subdivisions to adopt a local option |
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residence homestead exemption from ad valorem taxation of a |
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portion, expressed as a dollar amount, of the market value of an |
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individual's residence homestead. |
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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 (e-1) to read as follows: |
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(e-1) The governing body of a political subdivision other |
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than a school district may exempt from ad valorem taxation a |
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portion, expressed as a dollar amount, of the market value of the |
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residence homestead of an individual. The amount of the exemption |
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may not be less than $5,000. An individual is entitled to receive |
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other applicable exemptions provided by law. The legislature by |
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general law may prescribe procedures for the administration of this |
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subsection. |
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SECTION 2. The following temporary provision is added to |
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the Texas Constitution: |
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TEMPORARY PROVISION. (a) This temporary provision applies |
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to the constitutional amendment proposed by the 84th Legislature, |
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Regular Session, 2015, authorizing the governing body of certain |
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political subdivisions to adopt a local option residence homestead |
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exemption from ad valorem taxation of a portion, expressed as a |
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dollar amount, of the market value of an individual's residence |
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homestead. |
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(b) Section 1-b(e-1), Article VIII, of this constitution, |
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as added by the amendment, takes effect beginning with the tax year |
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that begins January 1, 2016. |
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(c) This temporary provision expires January 1, 2017. |
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SECTION 3. This proposed constitutional amendment shall be |
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submitted to the voters at an election to be held November 3, 2015. |
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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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governing body of certain political subdivisions to adopt a local |
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option residence homestead exemption from ad valorem taxation of a |
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portion, expressed as a dollar amount, of the market value of an |
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individual's residence homestead." |