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A JOINT RESOLUTION
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proposing a constitutional amendment to authorize the legislature |
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to permit certain political subdivisions to adopt a temporary |
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limitation on the appraised value for taxation of certain real |
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property located in specified areas. |
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BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Article VIII, Texas Constitution, is amended by |
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adding Section 1-a-1 to read as follows: |
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Sec. 1-a-1. (a) Notwithstanding Sections 1(a) and (b) of this |
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article, and Section 56, Article III, of this constitution, the |
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legislature by local law may authorize the governing body of one or |
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more political subdivisions to adopt a temporary limitation on the |
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appraised value for taxation by the political subdivision of one or |
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more types of real property located in certain areas specified by |
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law. Property subject to the limitation shall be taxed at the |
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lesser of the appraised value of the property as otherwise |
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determined by law or the appraised value of the property for the tax |
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year preceding the tax year in which the limitation first applies. |
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(b) A law enacted under this section: |
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(1) must specify one or more areas to which the |
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appraisal limitation authorized by this section applies; |
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(2) must prescribe the period for which the limitation |
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applies, which may not be longer than 15 consecutive tax years; |
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(3) must prescribe the types of real property to which |
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the limitation applies; |
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(4) may prescribe additional eligibility requirements |
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for the limitation; and |
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(5) may prescribe procedures for the administration of |
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the limitation. |
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(c) Section 57, Article III, Texas Constitution, does not |
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apply to a local law authorized by this section. |
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(d) This section expires January 1, 2038. |
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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 authorize the |
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legislature to permit certain political subdivisions to adopt a |
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temporary limitation on the appraised value for taxation of certain |
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real property located in specified areas." |