| 1 | 1 | | 87R13061 SMT-D |
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| 2 | 2 | | By: Springer S.J.R. No. 63 |
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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. |
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| 9 | 9 | | BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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| 10 | 10 | | SECTION 1. Section 1-b, Article VIII, Texas Constitution, |
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| 11 | 11 | | is amended by adding Subsection (t) to read as follows: |
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| 12 | 12 | | (t) In addition to any other exemption authorized or |
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| 13 | 13 | | prescribed by this section, the legislature by general law may |
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| 14 | 14 | | provide for an exemption from ad valorem taxation by a school |
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| 15 | 15 | | district of a portion of the appraised value of an individual's |
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| 16 | 16 | | residence homestead in an amount equal to 150 percent of the median |
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| 17 | 17 | | appraised value of all single-family residences in the state. |
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| 18 | 18 | | Where ad valorem tax of a school district has previously been |
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| 19 | 19 | | pledged for the payment of debt, the taxing officers of the school |
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| 20 | 20 | | district may continue to levy and collect the tax against the value |
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| 21 | 21 | | of residence homesteads exempted under this subsection until the |
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| 22 | 22 | | debt is discharged if the cessation of the levy would impair the |
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| 23 | 23 | | obligation of the contract by which the debt was created. The |
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| 24 | 24 | | legislature by general law may prescribe procedures for the |
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| 25 | 25 | | administration of the exemption authorized under this subsection |
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| 26 | 26 | | and may provide additional eligibility requirements for the |
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| 27 | 27 | | exemption. |
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| 28 | 28 | | SECTION 2. The following temporary provision is added to |
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| 29 | 29 | | the Texas Constitution: |
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| 30 | 30 | | TEMPORARY PROVISION. (a) This temporary provision applies |
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| 31 | 31 | | to the constitutional amendment proposed by the 87th Legislature, |
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| 32 | 32 | | Regular Session, 2021, authorizing the legislature to exempt from |
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| 33 | 33 | | ad valorem taxation by a school district a portion of the appraised |
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| 34 | 34 | | value of an individual's residence homestead in an amount equal to |
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| 35 | 35 | | 150 percent of the median appraised value of all single-family |
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| 36 | 36 | | residences in the state. |
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| 37 | 37 | | (b) Section 1-b(t), Article VIII, of this constitution, as |
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| 38 | 38 | | added by the amendment, takes effect January 1, 2022, and applies |
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| 39 | 39 | | only to ad valorem taxes imposed for a tax year beginning on or |
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| 40 | 40 | | after that date. |
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| 41 | 41 | | (c) This temporary provision expires January 1, 2023. |
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| 42 | 42 | | SECTION 3. This proposed constitutional amendment shall be |
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| 43 | 43 | | submitted to the voters at an election to be held November 2, 2021. |
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| 44 | 44 | | The ballot shall be printed to permit voting for or against the |
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| 45 | 45 | | proposition: "The constitutional amendment authorizing the |
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| 46 | 46 | | legislature to exempt from ad valorem taxation by a school district |
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| 47 | 47 | | a portion of the appraised value of an individual's residence |
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| 48 | 48 | | homestead in an amount equal to 150 percent of the median appraised |
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| 49 | 49 | | value of all single-family residences in the state." |
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