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