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