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