87R4859 TJB-D
 
  By: Davis H.J.R. No. 81
 
 
 
A JOINT RESOLUTION
  proposing a constitutional amendment to authorize the legislature
  to permit certain political subdivisions to adopt a temporary
  limitation on the appraised value for taxation of certain real
  property located in specified areas.
         BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS:
         SECTION 1.  Article VIII, Texas Constitution, is amended by
  adding Section 1-a-1 to read as follows:
         Sec. 1-a-1. (a) Notwithstanding Sections 1(a) and (b) of this
  article, and Section 56, Article III, of this constitution, the
  legislature by local law may authorize the governing body of one or
  more political subdivisions to adopt a temporary limitation on the
  appraised value for taxation by the political subdivision of one or
  more types of real property located in certain areas specified by
  law. Property subject to the limitation shall be taxed at the
  lesser of the appraised value of the property as otherwise
  determined by law or the appraised value of the property for the tax
  year preceding the tax year in which the limitation first applies.
         (b)  A law enacted under this section:
               (1)  must specify one or more areas to which the
  appraisal limitation authorized by this section applies;
               (2)  must prescribe the period for which the limitation
  applies, which may not be longer than 15 consecutive tax years;
               (3)  must prescribe the types of real property to which
  the limitation applies;
               (4)  may prescribe additional eligibility requirements
  for the limitation; and
               (5)  may prescribe procedures for the administration of
  the limitation.
         (c)  Section 57, Article III, Texas Constitution, does not
  apply to a local law authorized by this section.
         (d)  This section expires January 1, 2038.
         SECTION 2.  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 to authorize the
  legislature to permit certain political subdivisions to adopt a
  temporary limitation on the appraised value for taxation of certain
  real property located in specified areas."