| Old | New | Differences | |
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| 1 | 1 | By: Campbell S.J.R. No. 60 | |
| 2 | - | (In the Senate - Filed March 13, 2015; March 25, 2015, read | |
| 3 | - | first time and referred to Committee on Finance; April 13, 2015, | |
| 4 | - | reported favorably by the following vote: Yeas 11, Nays 1; | |
| 5 | - | April 13, 2015, sent to printer.) | |
| 6 | - | Click here to see the committee vote | |
| 2 | + | SENATE JOINT RESOLUTION | |
| 7 | 3 | ||
| 8 | 4 | ||
| 9 | - | SENATE JOINT RESOLUTION | |
| 10 | 5 | proposing a constitutional amendment authorizing the governing | |
| 11 | 6 | body of a political subdivision to adopt a local option exemption | |
| 12 | 7 | from ad valorem taxation of a portion, expressed as a dollar amount, | |
| 13 | 8 | of the market value of real property of a business that employs | |
| 14 | 9 | honorably discharged veterans. | |
| 15 | 10 | BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS: | |
| 16 | 11 | SECTION 1. Article VIII, Texas Constitution, is amended by | |
| 17 | 12 | adding Section 1-s to read as follows: | |
| 18 | 13 | Sec. 1-s. The governing body of a political subdivision may | |
| 19 | 14 | exempt from ad valorem taxation a portion, expressed as a dollar | |
| 20 | 15 | amount, of the market value of real property that a person owns and | |
| 21 | 16 | uses to operate a business that employs one or more honorably | |
| 22 | 17 | discharged veterans of the armed services of the United States. The | |
| 23 | - | legislature by general law may provide additional eligibility | |
| 24 | - | requirements for the exemption. | |
| 18 | + | amount of the exemption authorized by this section may not exceed | |
| 19 | + | $15,000 of the market value of the property for each honorably | |
| 20 | + | discharged veteran employed by the business. The legislature by | |
| 21 | + | general law may provide additional eligibility requirements for the | |
| 22 | + | exemption. | |
| 25 | 23 | SECTION 2. This proposed constitutional amendment shall be | |
| 26 | 24 | submitted to the voters at an election to be held November 3, 2015. | |
| 27 | 25 | The ballot shall be printed to permit voting for or against the | |
| 28 | 26 | proposition: "The constitutional amendment authorizing the | |
| 29 | 27 | governing body of a political subdivision to adopt a local option | |
| 30 | 28 | exemption from ad valorem taxation of a portion, expressed as a | |
| 31 | 29 | dollar amount, of the market value of real property of a business | |
| 32 | 30 | that employs honorably discharged veterans." | |
| 33 | - | * * * * * |