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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 a portion of the assessed value |
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of the residence homestead of a veteran of the United States armed |
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services who served in the armed services for a certain period. |
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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 (p) to read as follows: |
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(p) The legislature by general law may exempt from ad |
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valorem taxation $5,000 of the assessed value of the residence |
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homestead of a veteran of the United States armed services who |
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served in the armed services for at least three years. Where ad |
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valorem tax of a political subdivision has previously been pledged |
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for the payment of debt, the taxing officers of the political |
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subdivision may continue to levy and collect the tax against the |
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value of residence homesteads exempted under this subsection until |
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the debt is discharged if the cessation of the levy would impair the |
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obligation of the contract by which the debt was created. |
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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 $5,000 of the |
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assessed value of the residence homestead of a veteran of the United |
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States armed services who served in the armed services for at least |
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three years." |