The Senate Joint Resolution No. 2, proposed by Bettencourt and others, seeks to amend the Texas Constitution to increase the exemption amount for residence homesteads from ad valorem taxation by school districts. Specifically, it proposes raising the exemption from $100,000 to $140,000 for the market value of a residence homestead owned by married or unmarried adults, including those living alone. Additionally, the resolution allows for an exemption of up to $10,000 for disabled individuals and those aged 65 or older, with provisions for the legislature to determine eligibility based on economic need.

The proposed amendment includes a temporary provision that would take effect for the tax year beginning January 1, 2025, and would expire on January 1, 2027. The resolution mandates that the amendment be submitted to voters in an election scheduled for November 4, 2025, allowing them to vote on whether to approve the increase in the exemption amount for residence homesteads from $100,000 to $140,000.