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A JOINT RESOLUTION
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proposing a constitutional amendment authorizing the legislature |
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to exempt from ad valorem taxation by one or more political |
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subdivisions of this state property located near a public school |
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that is owned for the purpose of building low-income or |
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moderate-income housing. |
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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-v to read as follows: |
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Sec. 1-v. (a) The legislature by general law may exempt from |
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ad valorem taxation by one or more political subdivisions of this |
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state property located near a public school that is owned by a |
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person for the purpose of building low-income or moderate-income |
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housing on the property. |
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(b) The legislature may provide additional eligibility |
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requirements for an exemption authorized by this section. |
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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 7, 2017. |
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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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legislature to exempt from ad valorem taxation by one or more |
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political subdivisions of this state property located near a public |
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school that is owned for the purpose of building low-income or |
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moderate-income housing." |