88R11552 CJC/TJB/KJE-D
 
  By: Meyer H.J.R. No. 1
 
 
 
A JOINT RESOLUTION
  proposing a constitutional amendment to authorize the legislature
  to limit the maximum appraised value of real property for ad valorem
  tax purposes and to except certain appropriations to pay for ad
  valorem tax relief from the constitutional limitation on the rate
  of growth of appropriations.
         BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS:
         SECTION 1.  Section 1(i), Article VIII, Texas Constitution,
  is amended to read as follows:
         (i)  Notwithstanding Subsections (a) and (b) of this
  section, the Legislature by general law may limit the maximum
  appraised value of real property [a residence homestead] for ad
  valorem tax purposes in a tax year to the lesser of the most recent
  market value of the property [residence homestead] as determined by
  the appraisal entity or 105 [110] percent, or a greater percentage,
  of the appraised value of the property [residence homestead] for
  the preceding tax year. A limitation on appraised values
  authorized by this subsection:
               (1)  takes effect in the tax year following the first
  tax year in which the owner owns the property on January 1 [as to a
  residence homestead on the later of the effective date of the law
  imposing the limitation or January 1 of the tax year following the
  first tax year the owner qualifies the property for an exemption
  under Section 1-b of this article]; and
               (2)  expires on January 1 of the [first] tax year
  following the tax year in which [that neither] the owner of the
  property when the limitation took effect ceases to own the
  property, except that the Legislature by general law may provide
  for the limitation applicable to a residence homestead to continue
  during ownership of the property by [nor] the owner's spouse or
  surviving spouse [qualifies for an exemption under Section 1-b of
  this article].
         SECTION 2.  Section 22, Article VIII, Texas Constitution, is
  amended by adding Subsection (a-1) to read as follows:
         (a-1)  Appropriations from state tax revenues not dedicated
  by this constitution that are made for the purpose of paying for ad
  valorem tax relief as identified by the legislature by general law
  are not included as appropriations for purposes of determining
  whether the rate of growth of appropriations exceeds the limitation
  prescribed by Subsection (a) of this section.
         SECTION 3.  This proposed constitutional amendment shall be
  submitted to the voters at an election to be held November 7, 2023.
  The ballot shall be printed to provide for voting for or against the
  proposition: "The constitutional amendment to authorize the
  legislature to limit the maximum appraised value of real property
  for ad valorem tax purposes and to except certain appropriations to
  pay for ad valorem tax relief from the constitutional limitation on
  the rate of growth of appropriations."