88R11031 MLH-D
By: Cook H.J.R. No. 207
A JOINT RESOLUTION
proposing a constitutional amendment to exempt from ad valorem
taxation a portion of the market value of the residence homesteads
of certain elderly persons and their surviving spouses.
BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 1-b, Article VIII, Texas Constitution,
is amended by adding Subsection (v) to read as follows:
(v) A person is entitled to an exemption from ad valorem
taxation of $150,000 of the market value of the person's residence
homestead if the person is 75 years of age or older and the person
has received an exemption under this section for the residence
homestead for at least the preceding 10 years. The surviving spouse
of a person who received an exemption under this subsection for the
residence homestead of a person 75 years of age or older is entitled
to an exemption from ad valorem taxation of $150,000 of the market
value of the same property if the deceased spouse died in a year in
which the deceased spouse received the exemption, the surviving
spouse was 55 years of age or older when the deceased spouse died,
and the property was the residence homestead of the surviving
spouse when the deceased spouse died and remains the residence
homestead of the surviving spouse. Where ad valorem tax of a
political subdivision has previously been pledged for the payment
of debt, the taxing officers of the political subdivision may
continue to levy and collect the tax against the value of residence
homesteads exempted under this subsection until the debt is
discharged if the cessation of the levy would impair the obligation
of the contract by which the debt was created. The legislature by
general law may prescribe procedures for the administration of this
subsection.
SECTION 2. The following temporary provision is added to
the Texas Constitution:
TEMPORARY PROVISION. (a) This temporary provision applies
to the constitutional amendment proposed by the 88th Legislature,
Regular Session, 2023, to exempt from ad valorem taxation a portion
of the market value of the residence homesteads of certain elderly
persons and their surviving spouses.
(b) Section 1-b(v), Article VIII, of this constitution
takes effect January 1, 2024.
(c) This temporary provision expires January 1, 2025.
SECTION 3. This proposed constitutional amendment shall be
submitted to the voters at an election to be held November 7, 2023.
The ballot shall be printed to permit voting for or against the
proposition: "The constitutional amendment to exempt from ad
valorem taxation a portion of the market value of the residence
homestead of a person 75 years of age or older or the person's
surviving spouse."