| 1 | 1 | | By: Middleton H.J.R. No. 7 |
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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 increase the maximum amount |
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| 6 | 6 | | of the local option residence homestead exemption from ad valorem |
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| 7 | 7 | | taxation by a political subdivision. |
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| 8 | 8 | | BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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| 9 | 9 | | SECTION 1. Section 1-b(e), Article VIII, Texas |
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| 10 | 10 | | Constitution, is amended to read as follows: |
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| 11 | 11 | | (e) The governing body of a political subdivision[, other |
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| 12 | 12 | | than a county education district,] may exempt from ad valorem |
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| 13 | 13 | | taxation a percentage of the market value of the residence |
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| 14 | 14 | | homestead of a married or unmarried adult, including one living |
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| 15 | 15 | | alone. [In the manner provided by law, the voters of a county |
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| 16 | 16 | | education district at an election held for that purpose may exempt |
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| 17 | 17 | | from ad valorem taxation a percentage of the market value of the |
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| 18 | 18 | | residence homestead of a married or unmarried adult, including one |
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| 19 | 19 | | living alone.] The percentage may not exceed 100 [twenty] percent. |
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| 20 | 20 | | However, the amount of an exemption authorized pursuant to this |
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| 21 | 21 | | subsection may not be less than $5,000 unless the legislature by |
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| 22 | 22 | | general law prescribes other monetary restrictions on the amount of |
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| 23 | 23 | | the exemption. The legislature by general law may prohibit the |
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| 24 | 24 | | governing body of a political subdivision that adopts an exemption |
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| 25 | 25 | | under this subsection from reducing the amount of or repealing the |
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| 26 | 26 | | exemption. An eligible adult is entitled to receive other |
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| 27 | 27 | | applicable exemptions provided by law. Where ad valorem tax has |
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| 28 | 28 | | previously been pledged for the payment of debt, the governing body |
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| 29 | 29 | | of a political subdivision may continue to levy and collect the tax |
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| 30 | 30 | | against the value of the homesteads exempted under this subsection |
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| 31 | 31 | | until the debt is discharged if the cessation of the levy would |
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| 32 | 32 | | impair the obligation of the contract by which the debt was created. |
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| 33 | 33 | | The legislature by general law may prescribe procedures for the |
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| 34 | 34 | | administration of residence homestead exemptions. |
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| 35 | 35 | | SECTION 2. This proposed constitutional amendment shall be |
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| 36 | 36 | | submitted to the voters at an election to be held November 8, 2022. |
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| 37 | 37 | | The ballot shall be printed to permit voting for or against the |
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| 38 | 38 | | proposition: "The constitutional amendment to increase the maximum |
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| 39 | 39 | | amount of the local option residence homestead exemption from ad |
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| 40 | 40 | | valorem taxation by a political subdivision from 20 percent to 100 |
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| 41 | 41 | | percent." |
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