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A BILL TO BE ENTITLED
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AN ACT
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relating to the calculation of the limitation on the total amount of |
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ad valorem taxes imposed by a school district on the residence |
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homestead of an individual who is elderly or disabled. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 11.26, Tax Code, is amended by adding |
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Subsection (a-11) to read as follows: |
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(a-11) This subsection applies only in the tax year |
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immediately following the first tax year an individual qualifies a |
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residence homestead for an exemption under Section 11.13(c) after |
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the beginning of that first tax year, provided that the homestead |
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remains eligible for that same exemption in that following tax |
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year. Notwithstanding Subsection (a-10), the amount of the |
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limitation provided by this section on an individual's residence |
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homestead for the tax year to which this section applies is equal to |
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the lesser of: |
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(1) the amount of the limitation as computed under |
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Subsection (a-10) for that tax year; or |
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(2) the amount of tax imposed by the school district on |
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that residence homestead, calculated without regard to the |
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limitation on tax increases provided by this section, in that tax |
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year. |
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SECTION 2. This Act applies only to ad valorem taxes imposed |
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for a tax year beginning on or after the effective date of this Act. |
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SECTION 3. This Act takes effect January 1, 2026. |