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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 political subdivision all or part of which is located |
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in certain counties. |
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BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 1-b(e), Article VIII, Texas |
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Constitution, is amended to read as follows: |
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(e) The governing body of a political subdivision[, other |
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than a county education district,] may exempt from ad valorem |
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taxation a percentage of the market value of the residence |
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homestead of a married or unmarried adult, including one living |
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alone. [In the manner provided by law, the voters of a county |
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education district at an election held for that purpose may exempt |
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from ad valorem taxation a percentage of the market value of the |
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residence homestead of a married or unmarried adult, including one |
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living alone.] The percentage may not exceed 20 [twenty] percent |
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or, if all or part of the political subdivision is located in |
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Chambers or Galveston County, 100 percent. However, the amount of |
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an exemption authorized pursuant to this subsection may not be less |
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than $5,000 unless the legislature by general law prescribes other |
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monetary restrictions on the amount of the exemption. The |
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legislature by general law may prohibit the governing body of a |
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political subdivision that adopts an exemption under this |
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subsection from reducing the amount of or repealing the |
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exemption. An eligible adult is entitled to receive other |
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applicable exemptions provided by law. Where ad valorem tax has |
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previously been pledged for the payment of debt, the governing body |
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of a political subdivision may continue to levy and collect the tax |
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against the value of the homesteads exempted under this subsection |
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until the debt is discharged if the cessation of the levy would |
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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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SECTION 2. This proposed constitutional amendment shall be |
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submitted to the voters at an election to be held November 2, 2021. |
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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 political subdivision all or part of which is |
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located in Chambers or Galveston County from 20 percent to 100 |
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percent." |