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A JOINT RESOLUTION
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proposing a constitutional amendment authorizing the governing |
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body of a political subdivision to adopt a local option exemption |
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from ad valorem taxation of a portion, expressed as a dollar amount, |
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of the market value of real property of a business that employs |
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honorably discharged veterans. |
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BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Article VIII, Texas Constitution, is amended by |
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adding Section 1-s to read as follows: |
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Sec. 1-s. The governing body of a political subdivision may |
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exempt from ad valorem taxation a portion, expressed as a dollar |
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amount, of the market value of real property that a person owns and |
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uses to operate a business that employs one or more honorably |
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discharged veterans of the armed services of the United States. The |
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legislature by general law may provide additional eligibility |
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requirements for the exemption. |
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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 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 a political subdivision to adopt a local option |
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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 real property of a business |
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that employs honorably discharged veterans." |