The bill, S.B. No. 652, 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 include this 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 Section 11.13(s) adopted after the submission of appraisal records. The act is set to take effect on January 1, 2026, contingent upon the approval of a constitutional amendment by voters that would authorize the commissioners court to implement such an exemption. If the amendment is not approved, the act will have no effect.

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