| 1 | 1 | | 88R10136 DRS-D |
|---|
| 2 | 2 | | By: Cook H.J.R. No. 161 |
|---|
| 3 | 3 | | |
|---|
| 4 | 4 | | |
|---|
| 5 | 5 | | A JOINT RESOLUTION |
|---|
| 6 | 6 | | proposing a constitutional amendment authorizing the legislature |
|---|
| 7 | 7 | | to provide for an exemption from ad valorem taxation by a political |
|---|
| 8 | 8 | | subdivision located wholly or partly in a populous county of a |
|---|
| 9 | 9 | | specified dollar amount, or a greater dollar amount specified by |
|---|
| 10 | 10 | | the governing body of the political subdivision, of the assessed |
|---|
| 11 | 11 | | value of a residence homestead. |
|---|
| 12 | 12 | | BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
|---|
| 13 | 13 | | SECTION 1. Section 1-b, Article VIII, Texas Constitution, |
|---|
| 14 | 14 | | is amended by adding Subsection (x) to read as follows: |
|---|
| 15 | 15 | | (x) In addition to any other exemption authorized or |
|---|
| 16 | 16 | | prescribed by this section, the legislature by general law may |
|---|
| 17 | 17 | | provide for an exemption from ad valorem taxation by a political |
|---|
| 18 | 18 | | subdivision of this state located wholly or partly in a county with |
|---|
| 19 | 19 | | a population of 200,000 or more of $25,000, or a greater dollar |
|---|
| 20 | 20 | | amount specified by the governing body of the political subdivision |
|---|
| 21 | 21 | | in the manner provided by law for official action by the body, of |
|---|
| 22 | 22 | | the assessed value of an individual's residence homestead. Where |
|---|
| 23 | 23 | | ad valorem tax has previously been pledged for the payment of debt, |
|---|
| 24 | 24 | | the taxing officers of a political subdivision may continue to levy |
|---|
| 25 | 25 | | and collect the tax against the value of the residence homesteads |
|---|
| 26 | 26 | | exempted under this subsection until the debt is discharged if the |
|---|
| 27 | 27 | | cessation of the levy would impair the obligation of the contract by |
|---|
| 28 | 28 | | which the debt was created. |
|---|
| 29 | 29 | | SECTION 2. This proposed constitutional amendment shall be |
|---|
| 30 | 30 | | submitted to the voters at an election to be held November 7, 2023. |
|---|
| 31 | 31 | | The ballot shall be printed to permit voting for or against the |
|---|
| 32 | 32 | | proposition: "The constitutional amendment authorizing the |
|---|
| 33 | 33 | | legislature to provide for an exemption from ad valorem taxation by |
|---|
| 34 | 34 | | a political subdivision located wholly or partly in a populous |
|---|
| 35 | 35 | | county of a specified dollar amount, or a greater dollar amount |
|---|
| 36 | 36 | | specified by the governing body of the political subdivision, of |
|---|
| 37 | 37 | | the assessed value of a residence homestead." |
|---|