Texas 2023 - 88th Regular

Texas Senate Bill SJR31 Compare Versions

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1	1	By: Blanco S.J.R. No. 31
2	2
3	3
4	4	A JOINT RESOLUTION
5	5	proposing a constitutional amendment authorizing the governing
6	6	body of a political subdivision other than a school district to
7	7	adopt an exemption from ad valorem taxation of a portion, expressed
8	8	as a dollar amount, of the market value of an individual's residence
9	9	homestead.
10	10	BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS:
11	11	SECTION 1. Section 1-b, Article VIII, Texas Constitution,
12	12	is amended by adding Subsections (q), (r), and (s) to read as
13	13	follows:
14	14	(q) The governing body of a political subdivision other than
15	15	a school district by official action may exempt from ad valorem
16	16	taxation a portion of the market value of the residence homestead of
17	17	an individual. The amount of the exemption is $14,000 except that
18	18	if the average market value of residence homesteads in the
19	19	political subdivision in the tax year in which the exemption is
20	20	adopted exceeds $70,000, the governing body may authorize an
21	21	exemption in a larger dollar amount not to exceed an amount equal to
22	22	20 percent of the average market value of residence homesteads in
23	23	the political subdivision in the tax year in which the exemption is
24	24	adopted. The legislature by general law shall specify the method
25	25	for computing the average market value of residence homesteads for
26	26	purposes of this subsection. The legislature by general law may
27	27	prohibit the governing body of a political subdivision that adopts
28	28	an exemption under this subsection from reducing the amount of or
29	29	repealing the exemption. Where ad valorem tax has previously been
30	30	pledged for the payment of debt, the governing body may continue to
31	31	levy and collect the tax against the value of the homesteads
32	32	exempted under this subsection until the debt is discharged if the
33	33	cessation of the levy would impair the obligation of the contract by
34	34	which the debt was created.
35	35	(r) The exemption amount and the average market value of
36	36	residence homesteads amount described in Subsection (q) of this
37	37	section apply to the 2024 tax year. For each subsequent tax year,
38	38	the comptroller shall adjust those amounts to reflect inflation by
39	39	using the index that the comptroller considers to most accurately
40	40	report changes in the purchasing power of the dollar for consumers
41	41	in this state and shall publicize the adjusted amounts.
42	42	(s) This subsection applies only to a political subdivision
43	43	the governing body of which has ceased granting an exemption under
44	44	Subsection (e) of this section, if doing so is not prohibited by the
45	45	legislature by general law, and has adopted an exemption under
46	46	Subsection (q) of this section. An individual who would have been
47	47	entitled to an exemption from ad valorem taxation by the political
48	48	subdivision under Subsection (e) of this section had the governing
49	49	body not ceased granting an exemption under that subsection is
50	50	entitled to continue to receive an exemption under that subsection
51	51	in lieu of the exemption under Subsection (q) of this section if the
52	52	individual otherwise qualifies for the exemption under Subsection
53	53	(e) of this section and the amount of the exemption under that
54	54	subsection exceeds the amount of the exemption under Subsection (q)
55	55	of this section. The exemption applies only to property for which
56	56	the individual received an exemption under Subsection (e) of this
57	57	section in the last tax year in which the governing body granted an
58	58	exemption under that subsection. The exemption expires in the
59	59	event of a change in ownership of the property or, if the property
60	60	is owned by a trust and the trustor of the trust or a beneficiary of
61	61	the trust has the right to use and occupy the property as the
62	62	trustor's or beneficiary's principal residential property, a change
63	63	in the trustor or beneficiary of the trust, respectively.
64	64	SECTION 2. The following temporary provision is added to
65	65	the Texas Constitution:
66	66	TEMPORARY PROVISION. (a) This temporary provision applies
67	67	to the constitutional amendment proposed by the 88th Legislature,
68	68	Regular Session, 2023, authorizing the governing body of a
69	69	political subdivision other than a school district to adopt an
70	70	exemption from ad valorem taxation of a portion, expressed as a
71	71	dollar amount, of the market value of an individual's residence
72	72	homestead.
73	73	(b) The amendment to Section 1-b, Article VIII, of this
74	74	constitution takes effect beginning with the tax year that begins
75	75	January 1, 2024.
76	76	(c) This temporary provision expires January 1, 2025.
77	77	SECTION 3. This proposed constitutional amendment shall be
78	78	submitted to the voters at an election to be held November 7, 2023.
79	79	The ballot shall be printed to permit voting for or against the
80	80	proposition: "The constitutional amendment authorizing the
81	81	governing body of a political subdivision other than a school
82	82	district to adopt an exemption from ad valorem taxation of a
83	83	portion, expressed as a dollar amount, of the market value of an
84	84	individual's residence homestead."