86R15198 SMT-D
By: Springer H.J.R. No. 97
A JOINT RESOLUTION
proposing a constitutional amendment authorizing the legislature
to exempt from ad valorem taxation by a school district a portion of
the appraised value of an individual's residence homestead in an
amount equal to the lesser of 50 percent of the appraised value of
the residence homestead after all other applicable exemptions for
which the individual has qualified the homestead are applied or 150
percent of the median appraised value of all single-family
residences in the state and authorizing the legislature to exempt
from ad valorem taxation by one or more political subdivisions of
this state inventory held for sale at retail.
BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 1-b, Article VIII, Texas Constitution,
is amended by adding Subsection (t) to read as follows:
(t) In addition to any other exemption authorized or
prescribed by this section, the legislature by general law may
provide for an exemption from ad valorem taxation by a school
district of a portion of the appraised value of an individual's
residence homestead in an amount equal to the lesser of 50 percent
of the appraised value of the residence homestead after all other
applicable exemptions for which the individual has qualified the
homestead are applied or 150 percent of the median appraised value
of all single-family residences in the state. Where ad valorem tax
of a school district has previously been pledged for the payment of
debt, the taxing officers of the school district may continue to
levy and collect the tax against the value of residence homesteads
exempted under this subsection until the debt is discharged if the
cessation of the levy would impair the obligation of the contract by
which the debt was created. The legislature by general law may
prescribe procedures for the administration of the exemption
authorized under this subsection and may provide additional
eligibility requirements for the exemption.
SECTION 2. Article VIII, Texas Constitution, is amended by
adding Section 1-r to read as follows:
Sec. 1-r. The legislature by general law may exempt from ad
valorem taxation by one or more political subdivisions of this
state a person's inventory held for sale at retail, as defined by
general law.
SECTION 3. The following temporary provision is added to
the Texas Constitution:
TEMPORARY PROVISION. (a) This temporary provision applies
to the constitutional amendment proposed by the 86th Legislature,
Regular Session, 2019, authorizing the legislature to exempt from
ad valorem taxation by a school district a portion of the appraised
value of an individual's residence homestead in an amount equal to
the lesser of 50 percent of the appraised value of the residence
homestead after all other applicable exemptions for which the
individual has qualified the homestead are applied or 150 percent
of the median appraised value of all single-family residences in
the state and authorizing the legislature to exempt from ad valorem
taxation by one or more political subdivisions of this state
inventory held for sale at retail.
(b) Sections 1-b(t) and 1-r, Article VIII, of this
constitution, as added by the amendment, take effect January 1,
2020, and apply only to ad valorem taxes imposed for a tax year
beginning on or after that date.
(c) This temporary provision expires January 1, 2021.
SECTION 4. This proposed constitutional amendment shall be
submitted to the voters at an election to be held November 5, 2019.
The ballot shall be printed to permit voting for or against the
proposition: "The constitutional amendment authorizing the
legislature to exempt from ad valorem taxation by a school district
a portion of the appraised value of an individual's residence
homestead in an amount equal to the lesser of 50 percent of the
appraised value of the residence homestead after all other
applicable exemptions for which the individual has qualified the
homestead are applied or 150 percent of the median appraised value
of all single-family residences in the state and authorizing the
legislature to exempt from ad valorem taxation by one or more
political subdivisions of this state inventory held for sale at
retail."