| Old | New | Differences | |
|---|---|---|---|
| 1 | 1 | 89R16369 CJC-D | |
| 2 | 2 | By: Perez of El Paso H.J.R. No. 199 | |
| 3 | 3 | ||
| 4 | 4 | ||
| 5 | 5 | ||
| 6 | 6 | ||
| 7 | 7 | A JOINT RESOLUTION | |
| 8 | 8 | proposing a constitutional amendment to authorize the legislature | |
| 9 | 9 | to provide for a temporary local option exemption from ad valorem | |
| 10 | 10 | taxation by a political subdivision of the total market value of | |
| 11 | 11 | surplus real property a person purchases from a school district. | |
| 12 | 12 | BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS: | |
| 13 | 13 | SECTION 1. Article VIII, Texas Constitution, is amended by | |
| 14 | 14 | adding Section 1-z to read as follows: | |
| 15 | 15 | Sec. 1-z. The legislature by general or special law may | |
| 16 | 16 | authorize the governing body of a political subdivision to exempt | |
| 17 | 17 | from ad valorem taxation by the political subdivision for a period | |
| 18 | 18 | not to exceed 10 years the total market value of surplus real | |
| 19 | 19 | property that a person purchases from a school district. A general | |
| 20 | 20 | or special law adopted under this section may specify the type of | |
| 21 | 21 | surplus real property that may be exempted under this section and | |
| 22 | 22 | may provide additional eligibility requirements for the exemption. | |
| 23 | 23 | SECTION 2. This proposed constitutional amendment shall be | |
| 24 | 24 | submitted to the voters at an election to be held November 4, 2025. | |
| 25 | 25 | The ballot shall be printed to permit voting for or against the | |
| 26 | 26 | proposition: "The constitutional amendment to authorize the | |
| 27 | 27 | legislature to provide for a temporary local option exemption from | |
| 28 | 28 | ad valorem taxation by a political subdivision of the total market | |
| 29 | 29 | value of surplus real property a person purchases from a school | |
| 30 | 30 | district." |