| 1 | 1 | | By: Capriglione H.B. No. 4139 |
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| 2 | 2 | | |
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| 3 | 3 | | |
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| 4 | 4 | | A BILL TO BE ENTITLED |
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| 5 | 5 | | AN ACT |
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| 6 | 6 | | relating to the authority of the governing body of a taxing unit to |
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| 7 | 7 | | adopt an exemption from ad valorem taxation of an individual's |
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| 8 | 8 | | residence homestead. |
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| 9 | 9 | | BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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| 10 | 10 | | SECTION 1. Section 11.13(n), Tax Code, is amended to read as |
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| 11 | 11 | | follows: |
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| 12 | 12 | | (n) In addition to any other exemptions provided by this |
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| 13 | 13 | | section, an individual is entitled to an exemption from taxation by |
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| 14 | 14 | | a taxing unit of a percentage of the appraised value of the |
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| 15 | 15 | | individual's [his] residence homestead or of a fixed dollar amount |
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| 16 | 16 | | if the exemption is adopted by the governing body of the taxing unit |
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| 17 | 17 | | before July 1 in the manner provided by law for official action by |
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| 18 | 18 | | the body. If the percentage set by the taxing unit produces an |
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| 19 | 19 | | exemption in a tax year of less than $5,000, or of a greater dollar |
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| 20 | 20 | | amount not to exceed $25,000 adopted by the governing body before |
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| 21 | 21 | | July 1 of that tax year in the manner provided by law for official |
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| 22 | 22 | | action by the body, when applied to a particular residence |
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| 23 | 23 | | homestead, the individual is entitled to an exemption of $5,000 or, |
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| 24 | 24 | | if applicable, of the greater dollar amount adopted by the |
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| 25 | 25 | | governing body, of the appraised value. The percentage adopted by |
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| 26 | 26 | | the taxing unit may not exceed 30 [20] percent. |
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| 27 | 27 | | SECTION 2. This Act applies only to ad valorem taxes imposed |
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| 28 | 28 | | for a tax year that begins on or after the effective date of this |
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| 29 | 29 | | Act. |
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| 30 | 30 | | SECTION 3. This Act takes effect January 1, 2020, but only |
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| 31 | 31 | | if the constitutional amendment proposed by the 86th Legislature, |
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| 32 | 32 | | Regular Session, 2019, authorizing the governing body of a |
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| 33 | 33 | | political subdivision that adopts an exemption from ad valorem |
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| 34 | 34 | | taxation of a percentage of the market value of an individual's |
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| 35 | 35 | | residence homestead to set the minimum dollar amount of the |
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| 36 | 36 | | exemption to which an individual is entitled in a tax year is |
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| 37 | 37 | | approved by the voters. If that amendment is not approved by the |
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| 38 | 38 | | voters, this Act has no effect. |
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