| 1 | 1 | | By: Shaheen H.J.R. No. 127 |
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| 2 | 2 | | |
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| 3 | 3 | | |
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| 4 | 4 | | A JOINT RESOLUTION |
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| 5 | 5 | | proposing a constitutional amendment to increase the maximum amount |
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| 6 | 6 | | of the local option residence homestead exemption from ad valorem |
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| 7 | 7 | | taxation by a school district. |
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| 8 | 8 | | BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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| 9 | 9 | | SECTION 1. Section 1-b, Article VIII, Texas Constitution, |
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| 10 | 10 | | is amended by amending Subsection (e) and adding Subsection (e-1) |
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| 11 | 11 | | to read as follows: |
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| 12 | 12 | | (e) The governing body of a political subdivision, other |
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| 13 | 13 | | than a school [county education] district, may exempt from ad |
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| 14 | 14 | | valorem taxation a percentage of the market value of the residence |
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| 15 | 15 | | homestead of an individual [a married or unmarried adult, including |
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| 16 | 16 | | one living alone. In the manner provided by law, the voters of a |
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| 17 | 17 | | county education district at an election held for that purpose may |
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| 18 | 18 | | exempt from ad valorem taxation a percentage of the market value of |
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| 19 | 19 | | the residence homestead of a married or unmarried adult, including |
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| 20 | 20 | | one living alone]. The percentage may not exceed 20 [twenty] |
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| 21 | 21 | | percent. However, the amount of an exemption authorized pursuant to |
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| 22 | 22 | | this subsection may not be less than $5,000 unless the legislature |
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| 23 | 23 | | by general law prescribes other monetary restrictions on the amount |
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| 24 | 24 | | of the exemption. The legislature by general law may prohibit the |
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| 25 | 25 | | governing body of a political subdivision that adopts an exemption |
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| 26 | 26 | | under this subsection from reducing the amount of or repealing the |
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| 27 | 27 | | exemption. An individual [eligible adult] is entitled to receive |
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| 28 | 28 | | other applicable exemptions provided by law. Where ad valorem tax |
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| 29 | 29 | | has previously been pledged for the payment of debt, the governing |
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| 30 | 30 | | body of a political subdivision may continue to levy and collect the |
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| 31 | 31 | | tax against the value of the homesteads exempted under this |
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| 32 | 32 | | subsection until the debt is discharged if the cessation of the levy |
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| 33 | 33 | | would impair the obligation of the contract by which the debt was |
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| 34 | 34 | | created. The legislature by general law may prescribe procedures |
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| 35 | 35 | | for the administration of residence homestead exemptions. |
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| 36 | 36 | | (e-1) The governing body of a school district may exempt |
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| 37 | 37 | | f |
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| 38 | 38 | | rom ad valorem taxation a percentage of the market value of the |
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| 39 | 39 | | residence homestead of an individual. The percentage may not exceed |
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| 40 | 40 | | 50 percent. The legislature by general law may prohibit the |
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| 41 | 41 | | governing body of a school district that adopts an exemption under |
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| 42 | 42 | | this subsection from reducing the amount of or repealing the |
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| 43 | 43 | | exemption. An individual is entitled to receive other applicable |
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| 44 | 44 | | exemptions provided by law. |
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| 45 | 45 | | SECTION 2. This proposed constitutional amendment shall be |
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| 46 | 46 | | submitted to the voters at an election to be held November 5, 2019. |
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| 47 | 47 | | The ballot shall be printed to permit voting for or against the |
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| 48 | 48 | | proposition: "The constitutional amendment to increase the maximum |
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| 49 | 49 | | amount of the local option residence homestead exemption from ad |
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| 50 | 50 | | valorem taxation by a school district from 20 percent to 50 |
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| 51 | 51 | | percent." |
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