| |
| |
|
|
A JOINT RESOLUTION
|
|
|
proposing a constitutional amendment authorizing the governing |
|
|
body of a political subdivision that adopts an exemption from ad |
|
|
valorem taxation of a percentage of the market value of an |
|
|
individual's residence homestead to set the minimum dollar amount |
|
|
of the exemption to which an individual is entitled in a tax year. |
|
|
BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
|
|
SECTION 1. Section 1-b(e), Article VIII, Texas |
|
|
Constitution, is amended to read as follows: |
|
|
(e) The governing body of a political subdivision[, other
|
|
|
than a county education district,] may exempt from ad valorem |
|
|
taxation a percentage of the market value of the residence |
|
|
homestead of a married or unmarried adult, including one living |
|
|
alone. [In the manner provided by law, the voters of a county
|
|
|
education district at an election held for that purpose may exempt
|
|
|
from ad valorem taxation a percentage of the market value of the
|
|
|
residence homestead of a married or unmarried adult, including one
|
|
|
living alone.] The percentage may not exceed twenty |
|
|
percent. However, the amount of an exemption authorized pursuant |
|
|
to this subsection may not be less than $5,000 unless the |
|
|
legislature by general law prescribes other monetary restrictions |
|
|
on the amount of the exemption or authorizes the governing body of a |
|
|
political subdivision to adopt a dollar amount greater than |
|
|
$5,000. The legislature by general law may prohibit the governing |
|
|
body of a political subdivision that adopts an exemption under this |
|
|
subsection from reducing the amount of or repealing the |
|
|
exemption. An eligible adult is entitled to receive other |
|
|
applicable exemptions provided by law. Where ad valorem tax has |
|
|
previously been pledged for the payment of debt, the governing body |
|
|
of a political subdivision may continue to levy and collect the tax |
|
|
against the value of the homesteads exempted under this subsection |
|
|
until the debt is discharged if the cessation of the levy would |
|
|
impair the obligation of the contract by which the debt was |
|
|
created. The legislature by general law may prescribe procedures |
|
|
for the administration of residence homestead exemptions. |
|
|
SECTION 2. This proposed constitutional amendment shall be |
|
|
submitted to the voters at an election to be held November 5, 2019. |
|
|
The ballot shall be printed to permit voting for or against the |
|
|
proposition: "The constitutional amendment authorizing the |
|
|
governing body of a political subdivision that adopts an exemption |
|
|
from ad valorem taxation of a percentage of the market value of an |
|
|
individual's residence homestead to set the minimum dollar amount |
|
|
of the exemption to which an individual is entitled in a tax year." |