87R2492 SMT-D
 
  By: Stephenson H.J.R. No. 19
 
 
 
A JOINT RESOLUTION
  proposing a constitutional amendment authorizing the legislature
  to exempt from ad valorem taxation by a school district for
  maintenance and operations purposes all or part of the appraised
  value of a residence homestead and to use state money to offset the
  resulting revenue loss to school districts.
         BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS:
         SECTION 1.  Section 1-b, Article VIII, Texas Constitution,
  is amended by adding Subsections (d-2) and (s) to read as follows:
         (d-2)  Notwithstanding Subsections (d) and (d-1) of this
  section, a general law enacted under Subsection (s) of this section
  may provide for the reduction of the amount of a limitation provided
  by Subsection (d) of this section as reduced under Subsection (d-1)
  of this section, if applicable, and applicable to a residence
  homestead for the tax year in which the general law takes effect to
  reflect any reduction from the preceding year in the tax rate for
  general elementary and secondary public school purposes applicable
  to the homestead.  A general law enacted under Subsection (s) of
  this section may provide that, except as otherwise provided by
  Subsection (d) of this section, a limitation provided by Subsection
  (d) of this section as reduced under Subsection (d-1) of this
  section, if applicable, that is reduced under the general law
  continues to apply to the residence homestead in subsequent tax
  years until the limitation expires.
         (s)  The legislature by general law may exempt from ad
  valorem taxation by a school district for maintenance and
  operations purposes all or part of the appraised value of the
  residence homestead of a married or unmarried adult, including one
  living alone.  The legislature may provide for the use of state
  money for the purpose of protecting a school district against all or
  part of the revenue loss to the school district attributable to the
  exemption authorized by this subsection.
         SECTION 2.  The following temporary provision is added to
  the Texas Constitution:
         TEMPORARY PROVISION. (a) This temporary provision applies
  to the constitutional amendment proposed by the 87th Legislature,
  Regular Session, 2021, authorizing the legislature to exempt from
  ad valorem taxation by a school district for maintenance and
  operations purposes all or part of the appraised value of a
  residence homestead and to use state money to offset the resulting
  revenue loss to school districts.
         (b)  Section 1-b(s), Article VIII, of this constitution
  takes effect January 1, 2022, and applies only to a tax year
  beginning on or after that date.
         (c)  This temporary provision expires January 1, 2023.
         SECTION 3.  This proposed constitutional amendment shall be
  submitted to the voters at an election to be held November 2, 2021.
  The ballot shall be printed to permit voting for or against the
  proposition: "The constitutional amendment authorizing the
  legislature to exempt from ad valorem taxation by a school district
  for maintenance and operations purposes all or part of the
  appraised value of a residence homestead and to use state money to
  offset the resulting revenue loss to school districts."