82R3735 SMH-D
By: Fletcher H.J.R. No. 103
A JOINT RESOLUTION
proposing a constitutional amendment authorizing the legislature
to provide for a credit against the ad valorem taxes imposed by
certain taxing units on commercial or industrial real property
based on the cost of constructing a building on the property.
BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Article VIII, Texas Constitution, is amended by
adding Section 1-p to read as follows:
Sec. 1-p. This section does not apply to ad valorem taxes
imposed by a school district. The legislature by general law may
provide for a credit against the ad valorem taxes imposed by a
taxing unit on property based on the costs the owner of the property
has contracted to pay to have a building constructed on the property
that is to be used for commercial or industrial purposes. The
legislature may provide formulas for computing the amount of the
credit a property owner may receive in a tax year and may specify
the period for which a property owner may receive a credit.
SECTION 2. This proposed constitutional amendment shall be
submitted to the voters at an election to be held November 8, 2011.
The ballot shall be printed to permit voting for or against the
proposition: "The constitutional amendment authorizing the
legislature to provide for a credit against the ad valorem taxes
imposed by certain taxing units on commercial or industrial real
property based on the cost of constructing a building on the
property."