86R5032 TJB-D
By: Watson S.B. No. 1072
A BILL TO BE ENTITLED
AN ACT
relating to the authority of the governing body of a taxing unit
that adopts an exemption from ad valorem taxation of a percentage of
the appraised 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.
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 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 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.