88R1205 TJB-D
 
  By: Miles S.J.R. No. 38
 
 
 
A JOINT RESOLUTION
  proposing a constitutional amendment to authorize the legislature
  to provide for the continuation of a limitation on the maximum
  appraised value of a residence homestead for ad valorem tax
  purposes if the property is acquired by and qualifies as the
  homestead of an heir of the owner or the owner's spouse or surviving
  spouse.
         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 a residence homestead for ad valorem tax
  purposes in a tax year to the lesser of the most recent market value
  of the residence homestead as determined by the appraisal entity or
  110 percent, or a greater percentage, of the appraised value of the
  residence homestead for the preceding tax year. A limitation on
  appraised values authorized by this subsection:
               (1)  takes effect 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 that
  none of the following individuals qualify for an exemption under
  Section 1-b of this article with respect to the property:
                     (A)  [neither] the owner of the property when the
  limitation took effect;
                     (B)  [nor] the owner's spouse or surviving spouse;
  or
                     (C)  the first heir of an individual described by
  Paragraph (A) or (B) of this subdivision to acquire the property
  [qualifies for an exemption under Section 1-b of this article].
         SECTION 2.  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 to authorize the
  legislature to provide for the continuation of a limitation on the
  maximum appraised value of a residence homestead for ad valorem tax
  purposes if the property is acquired by and qualifies as the
  homestead of an heir of the owner or the owner's spouse or surviving
  spouse."