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A BILL TO BE ENTITLED
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AN ACT
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relating to the amount of the exemption from ad valorem taxation by |
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a school district of the appraised value of the residence homestead |
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of a person who is elderly or disabled. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 11.13(c), Tax Code, is amended to read |
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as follows: |
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(c) In addition to the exemption provided by Subsection (b) |
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[of this section], an adult who is disabled or is 65 or older is |
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entitled to an exemption from taxation by a school district of |
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$560,000 [$10,000] of the appraised value of the person's [his] |
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residence homestead. |
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SECTION 2. This Act takes effect January 1, 2024, but only |
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if the constitutional amendment proposed by the 88th Legislature, |
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Regular Session, 2023, authorizing the legislature to increase the |
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amount of the exemption from ad valorem taxation by a school |
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district of the market value of the residence homestead of a person |
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who is elderly or disabled is approved by the voters. If that |
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proposed constitutional amendment is not approved by the voters, |
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this Act has no effect. |