| 1 | 1 | | 86R15198 SMT-D |
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| 2 | 2 | | By: Springer H.J.R. No. 97 |
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| 3 | 3 | | |
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| 4 | 4 | | |
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| 5 | 5 | | A JOINT RESOLUTION |
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| 6 | 6 | | proposing a constitutional amendment authorizing the legislature |
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| 7 | 7 | | to exempt from ad valorem taxation by a school district a portion of |
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| 8 | 8 | | the appraised value of an individual's residence homestead in an |
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| 9 | 9 | | amount equal to the lesser of 50 percent of the appraised value of |
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| 10 | 10 | | the residence homestead after all other applicable exemptions for |
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| 11 | 11 | | which the individual has qualified the homestead are applied or 150 |
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| 12 | 12 | | percent of the median appraised value of all single-family |
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| 13 | 13 | | residences in the state and authorizing the legislature to exempt |
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| 14 | 14 | | from ad valorem taxation by one or more political subdivisions of |
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| 15 | 15 | | this state inventory held for sale at retail. |
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| 16 | 16 | | BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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| 17 | 17 | | SECTION 1. Section 1-b, Article VIII, Texas Constitution, |
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| 18 | 18 | | is amended by adding Subsection (t) to read as follows: |
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| 19 | 19 | | (t) In addition to any other exemption authorized or |
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| 20 | 20 | | prescribed by this section, the legislature by general law may |
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| 21 | 21 | | provide for an exemption from ad valorem taxation by a school |
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| 22 | 22 | | district of a portion of the appraised value of an individual's |
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| 23 | 23 | | residence homestead in an amount equal to the lesser of 50 percent |
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| 24 | 24 | | of the appraised value of the residence homestead after all other |
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| 25 | 25 | | applicable exemptions for which the individual has qualified the |
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| 26 | 26 | | homestead are applied or 150 percent of the median appraised value |
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| 27 | 27 | | of all single-family residences in the state. Where ad valorem tax |
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| 28 | 28 | | of a school district has previously been pledged for the payment of |
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| 29 | 29 | | debt, the taxing officers of the school district may continue to |
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| 30 | 30 | | levy and collect the tax against the value of residence homesteads |
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| 31 | 31 | | exempted under this subsection until the debt is discharged if the |
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| 32 | 32 | | cessation of the levy would impair the obligation of the contract by |
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| 33 | 33 | | which the debt was created. The legislature by general law may |
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| 34 | 34 | | prescribe procedures for the administration of the exemption |
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| 35 | 35 | | authorized under this subsection and may provide additional |
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| 36 | 36 | | eligibility requirements for the exemption. |
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| 37 | 37 | | SECTION 2. Article VIII, Texas Constitution, is amended by |
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| 38 | 38 | | adding Section 1-r to read as follows: |
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| 39 | 39 | | Sec. 1-r. The legislature by general law may exempt from ad |
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| 40 | 40 | | valorem taxation by one or more political subdivisions of this |
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| 41 | 41 | | state a person's inventory held for sale at retail, as defined by |
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| 42 | 42 | | general law. |
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| 43 | 43 | | SECTION 3. The following temporary provision is added to |
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| 44 | 44 | | the Texas Constitution: |
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| 45 | 45 | | TEMPORARY PROVISION. (a) This temporary provision applies |
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| 46 | 46 | | to the constitutional amendment proposed by the 86th Legislature, |
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| 47 | 47 | | Regular Session, 2019, authorizing the legislature to exempt from |
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| 48 | 48 | | ad valorem taxation by a school district a portion of the appraised |
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| 49 | 49 | | value of an individual's residence homestead in an amount equal to |
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| 50 | 50 | | the lesser of 50 percent of the appraised value of the residence |
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| 51 | 51 | | homestead after all other applicable exemptions for which the |
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| 52 | 52 | | individual has qualified the homestead are applied or 150 percent |
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| 53 | 53 | | of the median appraised value of all single-family residences in |
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| 54 | 54 | | the state and authorizing the legislature to exempt from ad valorem |
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| 55 | 55 | | taxation by one or more political subdivisions of this state |
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| 56 | 56 | | inventory held for sale at retail. |
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| 57 | 57 | | (b) Sections 1-b(t) and 1-r, Article VIII, of this |
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| 58 | 58 | | constitution, as added by the amendment, take effect January 1, |
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| 59 | 59 | | 2020, and apply only to ad valorem taxes imposed for a tax year |
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| 60 | 60 | | beginning on or after that date. |
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| 61 | 61 | | (c) This temporary provision expires January 1, 2021. |
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| 62 | 62 | | SECTION 4. This proposed constitutional amendment shall be |
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| 63 | 63 | | submitted to the voters at an election to be held November 5, 2019. |
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| 64 | 64 | | The ballot shall be printed to permit voting for or against the |
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| 65 | 65 | | proposition: "The constitutional amendment authorizing the |
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| 66 | 66 | | legislature to exempt from ad valorem taxation by a school district |
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| 67 | 67 | | a portion of the appraised value of an individual's residence |
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| 68 | 68 | | homestead in an amount equal to the lesser of 50 percent of the |
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| 69 | 69 | | appraised value of the residence homestead after all other |
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| 70 | 70 | | applicable exemptions for which the individual has qualified the |
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| 71 | 71 | | homestead are applied or 150 percent of the median appraised value |
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| 72 | 72 | | of all single-family residences in the state and authorizing the |
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| 73 | 73 | | legislature to exempt from ad valorem taxation by one or more |
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| 74 | 74 | | political subdivisions of this state inventory held for sale at |
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| 75 | 75 | | retail." |
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