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A JOINT RESOLUTION
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proposing a constitutional amendment to authorize the legislature |
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to provide for a temporary limitation on the appraised value for ad |
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valorem tax purposes of real property located in a political |
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subdivision any part of which is located in an area that at any time |
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during the preceding tax year was declared a disaster area. |
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BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 1, Article VIII, Texas Constitution, is |
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amended by adding Subsection (i-1) to read as follows: |
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(i-1) Notwithstanding Subsections (a), (b), and (i) of this |
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section, the Legislature by general law may limit the maximum |
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appraised value of real property located in a political subdivision |
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any part of which is located in an area that at any time during the |
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preceding tax year was declared a disaster area by the governor or |
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by the president of the United States to the lesser of the most |
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recent market value of the property as determined by the appraisal |
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entity or the appraised value of the property as determined by the |
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appraisal entity for the preceding tax year. The maximum appraised |
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value of a residence homestead that is subject to a limitation on |
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appraised values authorized by this subsection and to a limitation |
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authorized by Subsection (i) of this section is equal to the lesser |
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of the amount authorized by this subsection or the amount |
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authorized by that subsection. |
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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 provide for a temporary limitation on the appraised |
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value for ad valorem tax purposes of real property located in a |
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political subdivision any part of which is located in an area that |
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at any time during the preceding tax year was declared a disaster |
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area." |