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A JOINT RESOLUTION
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proposing a constitutional amendment to increase the maximum amount |
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of the local option residence homestead exemption from ad valorem |
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taxation by a school district. |
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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 amending Subsection (e) and adding Subsection (e-1) |
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to read as follows: |
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(e) The governing body of a political subdivision, other |
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than a school [county education] district, may exempt from ad |
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valorem taxation a percentage of the market value of the residence |
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homestead of an individual [a married or unmarried adult, including
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one living alone. In the manner provided by law, the voters of a
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county education district at an election held for that purpose may
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exempt from ad valorem taxation a percentage of the market value of
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the residence homestead of a married or unmarried adult, including
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one living alone]. The percentage may not exceed 20 [twenty] |
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percent. However, the amount of an exemption authorized pursuant to |
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this subsection may not be less than $5,000 unless the legislature |
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by general law prescribes other monetary restrictions on the amount |
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of the exemption. The legislature by general law may prohibit the |
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governing body of a political subdivision that adopts an exemption |
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under this subsection from reducing the amount of or repealing the |
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exemption. An individual [eligible adult] is entitled to receive |
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other applicable exemptions provided by law. Where ad valorem tax |
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has previously been pledged for the payment of debt, the governing |
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body of a political subdivision may continue to levy and collect the |
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tax against the value of the homesteads exempted under this |
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subsection until the debt is discharged if the cessation of the levy |
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would impair the obligation of the contract by which the debt was |
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created. The legislature by general law may prescribe procedures |
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for the administration of residence homestead exemptions. |
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(e-1) The governing body of a school district may exempt |
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f |
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rom ad valorem taxation a percentage of the market value of the |
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residence homestead of an individual. The percentage may not exceed |
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50 percent. The legislature by general law may prohibit the |
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governing body of a school district that adopts an exemption under |
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this subsection from reducing the amount of or repealing the |
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exemption. An individual is entitled to receive other applicable |
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exemptions provided by law. |
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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 to increase the maximum |
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amount of the local option residence homestead exemption from ad |
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valorem taxation by a school district from 20 percent to 50 |
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percent." |