H.B. No. 1367 proposes to grant the commissioners court of a county the authority to adopt an exemption from ad valorem taxation on a portion of the appraised value of an individual's residence homestead, specifically expressed as a dollar amount. The bill amends Section 11.13 of the Tax Code by adding a new subsection (s), which allows for this exemption, provided it is adopted by the commissioners court before July 1 and does not exceed $100,000. Additionally, the bill modifies subsection (i) to include the new exemption in the list of exemptions that the assessor and collector may disregard when assessing and collecting taxes pledged for debt payment.

The bill also amends Section 25.23(a) to require the chief appraiser to prepare supplemental appraisal records that include properties qualifying for the new exemption under subsection (s) that were adopted after the submission of appraisal records. This legislation will only apply to ad valorem taxes for tax years beginning on or after its effective date of January 1, 2026, contingent upon the approval of a related constitutional amendment by voters. If the amendment is not approved, the bill will have no effect.

Statutes affected:
Introduced: Tax Code 11.13, Tax Code 25.23 (Tax Code 25, Tax Code 11)