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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 or |
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within a municipal management district that is owned for the |
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purpose of building low-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-w to read as follows: |
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Sec. 1-w. (a) The legislature by general law may exempt |
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from ad valorem taxation by one or more political subdivisions of |
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this state property located near a public school or within a |
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municipal management district created under general or special law |
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to accomplish the purposes of Sections 52 and 52-a, Article III, and |
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Section 59, Article XVI, of this constitution that is owned by a |
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person for the purpose of building low-income housing on the |
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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 5, 2019. |
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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 or within a municipal management district that is owned for |
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the purpose of building low-income housing." |