84R10084 TJB-F
By: Thompson of Harris H.B. No. 1980
A BILL TO BE ENTITLED
AN ACT
relating to the authority of the governing body of certain taxing
units to adopt a local option residence homestead exemption from ad
valorem taxation of a portion, expressed as a dollar amount, of the
appraised value of an individual's residence homestead.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 11.13, Tax Code, is amended by adding
Subsection (n-1) to read as follows:
(n-1) The governing body of a taxing unit other than a
school district, in the manner provided by law for official action
by the body, may adopt an exemption from taxation by the taxing unit
of a portion, expressed as a dollar amount, of the appraised value
of an individual's residence homestead. The exemption must be
adopted by the governing body before July 1 of the tax year in which
the exemption applies. If the governing body adopts an exemption
under this subsection, the amount of the exemption in a tax year may
not be less than $5,000. An individual is entitled to an exemption
adopted under this subsection in addition to any other exemptions
provided by this section.
SECTION 2. This Act applies only to ad valorem taxes imposed
for a tax year that begins on or after the effective date of this
Act.
SECTION 3. This Act takes effect January 1, 2016, but only
if the constitutional amendment proposed by the 84th Legislature,
Regular Session, 2015, authorizing the governing body of certain
political subdivisions to adopt a local option residence homestead
exemption from ad valorem taxation of a portion, expressed as a
dollar amount, of the market value of an individual's residence
homestead is approved by the voters. If that amendment is not
approved by the voters, this Act has no effect.