89R6216 LHC-F
By: Bhojani H.J.R. No. 209
A JOINT RESOLUTION
proposing a constitutional amendment to authorize the legislature
to provide for a one-time credit against the ad valorem taxes
imposed by a political subdivision on the first property that a
person purchases and qualifies as the person's residence homestead
and to provide for the reimbursement of political subdivisions for
the revenue loss incurred as a result of the credit.
BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Article VIII, Texas Constitution, is amended by
adding Section 1-q to read as follows:
Sec. 1-q. (a) The legislature by general law may provide
that a person who purchases a home is entitled to a one-time credit
against the ad valorem taxes imposed by a political subdivision on
the home in the first tax year in which the property qualifies as
the person's residence homestead if the person has not previously
qualified a property as the person's residence homestead. The
amount of the credit may not exceed the lesser of:
(1) the amount computed by multiplying $3,000 by a
fraction, the numerator of which is the amount of taxes imposed on
the residence homestead by the political subdivision and the
denominator of which is the total amount of taxes imposed on the
residence homestead by all of the political subdivisions that
impose taxes on the residence homestead; or
(2) one-half of the amount of taxes imposed by the
political subdivision on the residence homestead.
(b) The legislature may prescribe additional eligibility
requirements for receiving a credit under this section.
(c) Notwithstanding any other provision of this
constitution, the legislature by general law may authorize the use
of state money to reimburse a political subdivision for the revenue
loss incurred by the political subdivision as a result of the tax
credit authorized by this section and shall provide a procedure for
distributing any money appropriated for that purpose.
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 one-time credit against the ad valorem
taxes imposed by a political subdivision on the first property that
a person purchases and qualifies as the person's residence
homestead and to provide for the reimbursement of political
subdivisions for the revenue loss incurred as a result of the
credit."