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A JOINT RESOLUTION
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proposing a constitutional amendment to exempt from ad valorem |
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taxation a portion of the market value of the residence homesteads |
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of certain elderly persons and their surviving spouses. |
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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 (v) to read as follows: |
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(v) A person is entitled to an exemption from ad valorem |
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taxation of $150,000 of the market value of the person's residence |
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homestead if the person is 75 years of age or older and the person |
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has received an exemption under this section for the residence |
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homestead for at least the preceding 10 years. The surviving spouse |
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of a person who received an exemption under this subsection for the |
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residence homestead of a person 75 years of age or older is entitled |
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to an exemption from ad valorem taxation of $150,000 of the market |
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value of the same property if the deceased spouse died in a year in |
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which the deceased spouse received the exemption, the surviving |
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spouse was 55 years of age or older when the deceased spouse died, |
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and the property was the residence homestead of the surviving |
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spouse when the deceased spouse died and remains the residence |
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homestead of the surviving spouse. Where ad valorem tax of a |
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political subdivision has previously been pledged for the payment |
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of debt, the taxing officers of the political subdivision may |
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continue to levy and collect the tax against the value of residence |
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homesteads exempted under this subsection until the debt is |
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discharged if the cessation of the levy would impair the obligation |
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of the contract by which the debt was created. The legislature by |
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general law may prescribe procedures for the administration of this |
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subsection. |
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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 88th Legislature, |
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Regular Session, 2023, to exempt from ad valorem taxation a portion |
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of the market value of the residence homesteads of certain elderly |
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persons and their surviving spouses. |
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(b) Section 1-b(v), Article VIII, of this constitution |
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takes effect January 1, 2024. |
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(c) This temporary provision expires January 1, 2025. |
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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 7, 2023. |
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The ballot shall be printed to permit voting for or against the |
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proposition: "The constitutional amendment to exempt from ad |
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valorem taxation a portion of the market value of the residence |
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homestead of a person 75 years of age or older or the person's |
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surviving spouse." |