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A JOINT RESOLUTION
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proposing a constitutional amendment to authorize the legislature |
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to provide for a temporary local option exemption from ad valorem |
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taxation by a political subdivision of the total market value of |
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surplus real property a person purchases from a school district. |
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BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Article VIII, Texas Constitution, is amended by |
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adding Section 1-z to read as follows: |
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Sec. 1-z. The legislature by general or special law may |
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authorize the governing body of a political subdivision to exempt |
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from ad valorem taxation by the political subdivision for a period |
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not to exceed 10 years the total market value of surplus real |
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property that a person purchases from a school district. A general |
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or special law adopted under this section may specify the type of |
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surplus real property that may be exempted under this section and |
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may provide additional eligibility requirements for the exemption. |
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SECTION 2. This proposed constitutional amendment shall be |
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submitted to the voters at an election to be held November 4, 2025. |
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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 authorize the |
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legislature to provide for a temporary local option exemption from |
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ad valorem taxation by a political subdivision of the total market |
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value of surplus real property a person purchases from a school |
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district." |