|
|
|
A BILL TO BE ENTITLED
|
|
AN ACT
|
|
relating to the authority of the commissioners court of a county to |
|
adopt an exemption from ad valorem taxation by the county of a |
|
portion, expressed as a dollar amount, of the appraised value of an |
|
individual's residence homestead. |
|
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
|
SECTION 1. Section 11.13, Tax Code, is amended by amending |
|
Subsection (i) and adding Subsection (s) to read as follows: |
|
(i) The assessor and collector for a taxing unit may |
|
disregard the exemptions authorized by Subsection (b), (c), (d), |
|
[or] (n), or (s) [of this section] and assess and collect a tax |
|
pledged for payment of debt without deducting the amount of the |
|
exemption if: |
|
(1) prior to adoption of the exemption, the taxing |
|
unit pledged the taxes for the payment of a debt; and |
|
(2) granting the exemption would impair the obligation |
|
of the contract creating the debt. |
|
(s) In addition to any other exemptions provided by this |
|
section, an individual is entitled to an exemption from taxation by |
|
a county of a portion, expressed as a dollar amount, of the |
|
appraised value of the individual's residence homestead if the |
|
exemption is adopted by the commissioners court of the county |
|
before July 1 in the manner provided by law for official action by |
|
the commissioners court. The amount of the exemption may not exceed |
|
$100,000. |
|
SECTION 2. Section 25.23(a), Tax Code, is amended to read as |
|
follows: |
|
(a) After submission of appraisal records, the chief |
|
appraiser shall prepare supplemental appraisal records listing: |
|
(1) each taxable property the chief appraiser |
|
discovers that is not included in the records already submitted, |
|
including property that was omitted from an appraisal roll in a |
|
prior tax year; |
|
(2) property on which the appraisal review board has |
|
not determined a protest at the time of its approval of the |
|
appraisal records; and |
|
(3) property that qualifies for an exemption under |
|
Section 11.13(n) or (s) that was adopted by the governing body of a |
|
taxing unit after the date the appraisal records were submitted. |
|
SECTION 3. This Act applies only to ad valorem taxes imposed |
|
for a tax year that begins on or after the effective date of this |
|
Act. |
|
SECTION 4. This Act takes effect January 1, 2024, but only |
|
if the constitutional amendment proposed by the 88th Legislature, |
|
Regular Session, 2023, authorizing the commissioners court of a |
|
county to adopt an exemption from ad valorem taxation by the county |
|
of a portion, expressed as a dollar amount, of the appraised value |
|
of an individual's residence homestead is approved by the voters. |
|
If that amendment is not approved by the voters, this Act has no |
|
effect. |