88R839 TJB-D
 
  By: Eckhardt S.J.R. No. 20
 
 
 
A JOINT RESOLUTION
  proposing a constitutional amendment authorizing the governing
  body of a political subdivision to adopt an exemption from ad
  valorem taxation of a portion, expressed as a dollar amount, of the
  market value of an individual's residence homestead.
         BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS:
         SECTION 1.  Section 1-b, Article VIII, Texas Constitution,
  is amended by adding Subsection (e-1) to read as follows:
         (e-1)  The governing body of a political subdivision may
  exempt from ad valorem taxation a portion, expressed as a dollar
  amount, of the market value of the residence homestead of an
  individual. The amount of the exemption may not be less than
  $5,000. The legislature by general law may prohibit the governing
  body of a political subdivision that adopts an exemption under this
  subsection from reducing the amount of or repealing the exemption.
  An individual is entitled to receive other applicable exemptions
  provided by law. Where ad valorem tax has previously been pledged
  for the payment of debt, a political subdivision may continue to
  levy and collect the tax against the value of the homesteads
  exempted under this subsection until the debt is discharged if the
  cessation of the levy would impair the obligation of the contract by
  which the debt was created. The legislature by general law may
  prescribe procedures for the administration of this subsection.
         SECTION 2.  The following temporary provision is added to
  the Texas Constitution:
         TEMPORARY PROVISION. (a) This temporary provision applies
  to the constitutional amendment proposed by the 88th Legislature,
  Regular Session, 2023, authorizing the governing body of a
  political subdivision to adopt an exemption from ad valorem
  taxation of a portion, expressed as a dollar amount, of the market
  value of an individual's residence homestead.
         (b)  Section 1-b(e-1), Article VIII, of this constitution,
  as added by the amendment, takes effect beginning with the tax year
  that begins January 1, 2024.
         (c)  This temporary provision expires January 1, 2025.
         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 permit voting for or against the
  proposition: "The constitutional amendment authorizing the
  governing body of a political subdivision to adopt an exemption
  from ad valorem taxation of a portion, expressed as a dollar amount,
  of the market value of an individual's residence homestead."