By: Capriglione H.B. No. 4139
A BILL TO BE ENTITLED
AN ACT
relating to the authority of the governing body of a taxing unit to
adopt an exemption from ad valorem taxation of an individual's
residence homestead.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 11.13(n), Tax Code, is amended to read as
follows:
(n) In addition to any other exemptions provided by this
section, an individual is entitled to an exemption from taxation by
a taxing unit of a percentage of the appraised value of the
individual's [his] residence homestead or of a fixed dollar amount
if the exemption is adopted by the governing body of the taxing unit
before July 1 in the manner provided by law for official action by
the body. If the percentage set by the taxing unit produces an
exemption in a tax year of less than $5,000, or of a greater dollar
amount not to exceed $25,000 adopted by the governing body before
July 1 of that tax year in the manner provided by law for official
action by the body, when applied to a particular residence
homestead, the individual is entitled to an exemption of $5,000 or,
if applicable, of the greater dollar amount adopted by the
governing body, of the appraised value. The percentage adopted by
the taxing unit may not exceed 30 [20] percent.
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, 2020, but only
if the constitutional amendment proposed by the 86th Legislature,
Regular Session, 2019, authorizing the governing body of a
political subdivision that adopts an exemption from ad valorem
taxation of a percentage of the market value of an individual's
residence homestead to set the minimum dollar amount of the
exemption to which an individual is entitled in a tax year is
approved by the voters. If that amendment is not approved by the
voters, this Act has no effect.