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A JOINT RESOLUTION
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proposing a constitutional amendment to lengthen the period for |
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redeeming the residence homestead of an elderly person sold at an ad |
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valorem tax sale. |
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BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 13(c), Article VIII, Texas Constitution, |
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is amended to read as follows: |
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(c) The former owner of a residence homestead, land |
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designated for agricultural use, or a mineral interest sold for |
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unpaid taxes has [shall within two years from date of the filing for
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record of the Purchaser's Deed have] the right to redeem the |
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property within two years from the date of filing of the purchaser's |
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deed or, if the property was the residence homestead of a person who |
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is 65 years of age or older, within four years from the date of |
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filing of the purchaser's deed on the following basis: |
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(1) Within the first year of the redemption period, |
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upon the payment of the amount of money paid for the property, |
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including the Tax Deed Recording Fee and all taxes, penalties, |
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interest, and costs paid plus an amount not exceeding 25 percent of |
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the aggregate total; and |
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(2) Within the remainder [last year] of the redemption |
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period, upon the payment of the amount of money paid for the |
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property, including the Tax Deed Recording Fee and all taxes, |
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penalties, interest, and costs paid plus an amount not exceeding 50 |
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percent of the aggregate total. |
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SECTION 2. The following temporary provision is added to |
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the Texas Constitution: |
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TEMPORARY PROVISION. (a) This temporary provision applies |
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to the constitutional amendment proposed by the 86th Legislature, |
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Regular Session, 2019, to lengthen the period for redeeming the |
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residence homestead of an elderly person sold at an ad valorem tax |
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sale. |
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(b) The amendment to Section 13(c), Article VIII, of this |
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constitution takes effect January 1, 2020. |
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(c) The amendment applies only to the redemption of real |
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property sold at a tax sale for which the purchaser's deed is filed |
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for record on or after the effective date of the amendment. The |
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redemption of real property sold at a tax sale for which the |
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purchaser's deed is filed for record before the effective date of |
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the amendment is governed by the former law, and the former law is |
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continued in effect for that purpose. |
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(d) This temporary provision expires January 1, 2022. |
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SECTION 3. 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 to lengthen the period |
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for redeeming the residence homestead of a person 65 years of age or |
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older sold at an ad valorem tax sale." |