| 1 | 1 | | By: Slaton H.J.R. No. 1 |
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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 authorize the legislature |
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| 6 | 6 | | to provide for a credit against the ad valorem taxes imposed on |
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| 7 | 7 | | property owned by a person who makes a donation to the state for the |
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| 8 | 8 | | purpose of border security and to provide for the reimbursement of |
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| 9 | 9 | | political subdivisions for the revenue loss incurred as a result of |
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| 10 | 10 | | the credit. |
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| 11 | 11 | | BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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| 12 | 12 | | SECTION 1. Article VIII, Texas Constitution, is amended by |
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| 13 | 13 | | adding Section 1-q to read as follows: |
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| 14 | 14 | | Sec. 1-q. (a) The legislature by general law may provide |
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| 15 | 15 | | that a person who makes a donation to the state for the purpose of |
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| 16 | 16 | | border security is entitled to a credit against the ad valorem taxes |
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| 17 | 17 | | imposed on property that the person owns in an amount equal to the |
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| 18 | 18 | | lesser of the amount of the donation or the amount of taxes imposed. |
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| 19 | 19 | | (b) The legislature by general law may prescribe |
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| 20 | 20 | | eligibility requirements for the tax credit authorized by this |
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| 21 | 21 | | section and may provide formulas for determining the manner in |
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| 22 | 22 | | which the credit is allocated among the political subdivisions that |
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| 23 | 23 | | impose a tax on the person's property. |
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| 24 | 24 | | (c) Notwithstanding any other provision of this |
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| 25 | 25 | | constitution, the legislature by general law may authorize the use |
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| 26 | 26 | | of state money to reimburse a political subdivision for the revenue |
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| 27 | 27 | | loss incurred as a result of the tax credit authorized by this |
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| 28 | 28 | | section and shall provide a procedure for distributing the money |
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| 29 | 29 | | appropriated for that purpose. |
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| 30 | 30 | | SECTION 2. This proposed constitutional amendment shall be |
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| 31 | 31 | | submitted to the voters at an election to be held November 8, 2022. |
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| 32 | 32 | | The ballot shall be printed to permit voting for or against the |
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| 33 | 33 | | proposition: "The constitutional amendment to authorize the |
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| 34 | 34 | | legislature to provide for a credit against the ad valorem taxes |
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| 35 | 35 | | imposed on property owned by a person who makes a donation to the |
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| 36 | 36 | | state for the purpose of border security and to provide for the |
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| 37 | 37 | | reimbursement of political subdivisions for the revenue loss |
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| 38 | 38 | | incurred as a result of the credit." |
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