By: Campbell S.J.R. No. 60
SENATE JOINT RESOLUTION
proposing a constitutional amendment authorizing the governing
body of a political subdivision to adopt a local option exemption
from ad valorem taxation of a portion, expressed as a dollar amount,
of the market value of real property of a business that employs
honorably discharged veterans.
BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Article VIII, Texas Constitution, is amended by
adding Section 1-s to read as follows:
Sec. 1-s. The governing body of a political subdivision may
exempt from ad valorem taxation a portion, expressed as a dollar
amount, of the market value of real property that a person owns and
uses to operate a business that employs one or more honorably
discharged veterans of the armed services of the United States. The
amount of the exemption authorized by this section may not exceed
$15,000 of the market value of the property for each honorably
discharged veteran employed by the business. The legislature by
general law may provide additional eligibility requirements for the
exemption.
SECTION 2. This proposed constitutional amendment shall be
submitted to the voters at an election to be held November 3, 2015.
The ballot shall be printed to permit voting for or against the
proposition: "The constitutional amendment authorizing the
governing body of a political subdivision to adopt a local option
exemption from ad valorem taxation of a portion, expressed as a
dollar amount, of the market value of real property of a business
that employs honorably discharged veterans."