| 1 | 1 | | 88R13112 SHH-D |
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| 2 | 2 | | By: Jones of Harris H.B. No. 5157 |
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| 3 | 3 | | |
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| 4 | 4 | | |
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| 5 | 5 | | A BILL TO BE ENTITLED |
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| 6 | 6 | | AN ACT |
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| 7 | 7 | | relating to the amount of the exemption from ad valorem taxation by |
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| 8 | 8 | | a school district of the appraised value of the residence homestead |
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| 9 | 9 | | of a person who is elderly or disabled. |
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| 10 | 10 | | BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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| 11 | 11 | | SECTION 1. Section 11.13(c), Tax Code, is amended to read |
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| 12 | 12 | | as follows: |
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| 13 | 13 | | (c) In addition to the exemption provided by Subsection (b) |
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| 14 | 14 | | [of this section], an adult who is disabled or is 65 or older is |
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| 15 | 15 | | entitled to an exemption from taxation by a school district of |
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| 16 | 16 | | $560,000 [$10,000] of the appraised value of the person's [his] |
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| 17 | 17 | | residence homestead. |
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| 18 | 18 | | SECTION 2. This Act takes effect January 1, 2024, but only |
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| 19 | 19 | | if the constitutional amendment proposed by the 88th Legislature, |
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| 20 | 20 | | Regular Session, 2023, authorizing the legislature to increase the |
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| 21 | 21 | | amount of the exemption from ad valorem taxation by a school |
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| 22 | 22 | | district of the market value of the residence homestead of a person |
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| 23 | 23 | | who is elderly or disabled is approved by the voters. If that |
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| 24 | 24 | | proposed constitutional amendment is not approved by the voters, |
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| 25 | 25 | | this Act has no effect. |
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