The bill, H.B. No. 1367, seeks 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 proposed legal language amends Section 11.13 of the Tax Code by adding 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 clarify that the assessor and collector may disregard certain exemptions when assessing and collecting taxes pledged for debt payment.

The bill also amends Section 25.23(a) to include the new exemption under Subsection (s) in the supplemental appraisal records prepared by the chief appraiser. This legislation will only apply to ad valorem taxes for tax years beginning on or after its effective date, which is set for January 1, 2026, contingent upon the approval of a related constitutional amendment by voters in the 89th Legislature, Regular Session, 2025. 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 11, Tax Code 25)