| |
| |
|
|
A JOINT RESOLUTION
|
|
|
proposing a constitutional amendment authorizing the governing |
|
|
body of a political subdivision to adopt a residence homestead |
|
|
exemption from ad valorem taxation of either a percentage or a |
|
|
portion, expressed as a dollar amount, of the market value of an |
|
|
individual's residence homestead. |
|
|
BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
|
|
SECTION 1. Section 1-b(e), Article VIII, Texas |
|
|
Constitution, is amended to read as follows: |
|
|
(e) The governing body of a political subdivision[, other |
|
|
than a county education district,] may exempt from ad valorem |
|
|
taxation a percentage of the market value of the residence |
|
|
homestead of a married or unmarried adult, including one living |
|
|
alone. [In the manner provided by law, the voters of a county |
|
|
education district at an election held for that purpose may exempt |
|
|
from ad valorem taxation a percentage of the market value of the |
|
|
residence homestead of a married or unmarried adult, including one |
|
|
living alone.] The percentage may not exceed twenty percent. |
|
|
However, the amount of a percentage [an] exemption authorized |
|
|
pursuant to this subsection may not be less than $5,000 unless the |
|
|
legislature by general law prescribes other monetary restrictions |
|
|
on the amount of the exemption. As an alternative, the governing |
|
|
body of the political subdivision may exempt from ad valorem |
|
|
taxation a portion, expressed as a dollar amount, of the market |
|
|
value of the residence homestead of a married or unmarried adult, |
|
|
including one living alone. The amount of the alternative |
|
|
exemption may not be less than $5,000 or more than $100,000. The |
|
|
legislature by general law may prohibit the governing body of a |
|
|
political subdivision that adopts an exemption under this |
|
|
subsection from reducing the amount of or repealing the exemption. |
|
|
An eligible adult is entitled to receive other applicable |
|
|
exemptions provided by law. Where ad valorem tax has previously |
|
|
been pledged for the payment of debt, the governing body of a |
|
|
political subdivision may continue to levy and collect the tax |
|
|
against the value of the homesteads exempted under this subsection |
|
|
until the debt is discharged if the cessation of the levy would |
|
|
impair the obligation of the contract by which the debt was created. |
|
|
The legislature by general law may prescribe procedures for the |
|
|
administration of residence homestead exemptions. |
|
|
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 authorizing the |
|
|
governing body of a political subdivision to adopt a residence |
|
|
homestead exemption from ad valorem taxation of either a percentage |
|
|
or a portion, expressed as a dollar amount, of the market value of |
|
|
an individual's residence homestead." |