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A JOINT RESOLUTION
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proposing a constitutional amendment authorizing the legislature |
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to exempt from ad valorem taxation by a school district a portion of |
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the appraised value of an individual's residence homestead. |
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BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 1-b, Article VIII, Texas Constitution, |
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is amended by adding Subsection (t) to read as follows: |
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(t) In addition to any other exemption authorized or |
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prescribed by this section, the legislature by general law may |
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provide for an exemption from ad valorem taxation by a school |
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district of a portion of the appraised value of an individual's |
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residence homestead in an amount equal to 150 percent of the median |
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appraised value of all single-family residences in the state. |
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Where ad valorem tax of a school district has previously been |
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pledged for the payment of debt, the taxing officers of the school |
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district may continue to levy and collect the tax against the value |
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of residence homesteads exempted under this subsection until the |
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debt is discharged if the cessation of the levy would impair the |
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obligation of the contract by which the debt was created. The |
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legislature by general law may prescribe procedures for the |
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administration of the exemption authorized under this subsection |
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and may provide additional eligibility requirements for the |
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exemption. |
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SECTION 2. The following temporary provision is added to |
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the Texas Constitution: |
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TEMPORARY PROVISION. (a) This temporary provision applies |
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to the constitutional amendment proposed by the 87th Legislature, |
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Regular Session, 2021, authorizing the legislature to exempt from |
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ad valorem taxation by a school district a portion of the appraised |
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value of an individual's residence homestead in an amount equal to |
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150 percent of the median appraised value of all single-family |
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residences in the state. |
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(b) Section 1-b(t), Article VIII, of this constitution, as |
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added by the amendment, takes effect January 1, 2022, and applies |
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only to ad valorem taxes imposed for a tax year beginning on or |
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after that date. |
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(c) This temporary provision expires January 1, 2023. |
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SECTION 3. 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 authorizing the |
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legislature to exempt from ad valorem taxation by a school district |
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a portion of the appraised value of an individual's residence |
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homestead in an amount equal to 150 percent of the median appraised |
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value of all single-family residences in the state." |