| 1 | 1 | | 88R9789 DRS-D |
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| 2 | 2 | | By: West S.B. No. 854 |
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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 authority of the commissioners court of a county to |
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| 8 | 8 | | adopt an exemption from ad valorem taxation by the county of a |
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| 9 | 9 | | portion, expressed as a dollar amount, of the appraised value of an |
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| 10 | 10 | | individual's residence homestead. |
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| 11 | 11 | | BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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| 12 | 12 | | SECTION 1. Section 11.13, Tax Code, is amended by amending |
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| 13 | 13 | | Subsection (i) and adding Subsection (s) to read as follows: |
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| 14 | 14 | | (i) The assessor and collector for a taxing unit may |
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| 15 | 15 | | disregard the exemptions authorized by Subsection (b), (c), (d), |
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| 16 | 16 | | [or] (n), or (s) [of this section] and assess and collect a tax |
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| 17 | 17 | | pledged for payment of debt without deducting the amount of the |
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| 18 | 18 | | exemption if: |
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| 19 | 19 | | (1) prior to adoption of the exemption, the taxing |
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| 20 | 20 | | unit pledged the taxes for the payment of a debt; and |
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| 21 | 21 | | (2) granting the exemption would impair the obligation |
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| 22 | 22 | | of the contract creating the debt. |
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| 23 | 23 | | (s) In addition to any other exemptions provided by this |
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| 24 | 24 | | section, an individual is entitled to an exemption from taxation by |
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| 25 | 25 | | a county of a portion, expressed as a dollar amount, of the |
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| 26 | 26 | | appraised value of the individual's residence homestead if the |
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| 27 | 27 | | exemption is adopted by the commissioners court of the county |
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| 28 | 28 | | before July 1 in the manner provided by law for official action by |
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| 29 | 29 | | the commissioners court. The amount of the exemption may not exceed |
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| 30 | 30 | | $100,000. |
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| 31 | 31 | | SECTION 2. Section 25.23(a), Tax Code, is amended to read as |
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| 32 | 32 | | follows: |
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| 33 | 33 | | (a) After submission of appraisal records, the chief |
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| 34 | 34 | | appraiser shall prepare supplemental appraisal records listing: |
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| 35 | 35 | | (1) each taxable property the chief appraiser |
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| 36 | 36 | | discovers that is not included in the records already submitted, |
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| 37 | 37 | | including property that was omitted from an appraisal roll in a |
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| 38 | 38 | | prior tax year; |
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| 39 | 39 | | (2) property on which the appraisal review board has |
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| 40 | 40 | | not determined a protest at the time of its approval of the |
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| 41 | 41 | | appraisal records; and |
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| 42 | 42 | | (3) property that qualifies for an exemption under |
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| 43 | 43 | | Section 11.13(n) or (s) that was adopted by the governing body of a |
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| 44 | 44 | | taxing unit after the date the appraisal records were submitted. |
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| 45 | 45 | | SECTION 3. This Act applies only to ad valorem taxes imposed |
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| 46 | 46 | | for a tax year that begins on or after the effective date of this |
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| 47 | 47 | | Act. |
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| 48 | 48 | | SECTION 4. This Act takes effect January 1, 2024, but only |
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| 49 | 49 | | if the constitutional amendment proposed by the 88th Legislature, |
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| 50 | 50 | | Regular Session, 2023, authorizing the commissioners court of a |
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| 51 | 51 | | county to adopt an exemption from ad valorem taxation by the county |
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| 52 | 52 | | of a portion, expressed as a dollar amount, of the appraised value |
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| 53 | 53 | | of an individual's residence homestead is approved by the voters. |
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| 54 | 54 | | If that amendment is not approved by the voters, this Act has no |
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| 55 | 55 | | effect. |
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