87(1) HJR 28 - Introduced version - Bill Text
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A JOINT RESOLUTION
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proposing a constitutional amendment to increase the maximum amount |
 
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of the local option residence homestead exemption from ad valorem |
 
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taxation by a political subdivision. |
 
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             BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
 
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             SECTION  1.    Section 1-b(e), Article VIII, Texas |
 
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Constitution, is amended to read as follows: |
 
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             (e)    The governing body of a political subdivision[, other |
 
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than a county education district,] may exempt from ad valorem |
 
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taxation a percentage of the market value of the residence |
 
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homestead of a married or unmarried adult, including one living |
 
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alone.  [In the manner provided by law, the voters of a county |
 
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education district at an election held for that purpose may exempt |
 
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from ad valorem taxation a percentage of the market value of the |
 
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residence homestead of a married or unmarried adult, including one |
 
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living alone.]  The percentage may not exceed 100 [twenty] percent.   |
 
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However, the amount of an exemption authorized pursuant to this |
 
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subsection may not be less than $5,000 unless the legislature by |
 
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general law prescribes other monetary restrictions on the amount of |
 
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the exemption.  The legislature by general law may prohibit the |
 
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governing body of a political subdivision that adopts an exemption |
 
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under this subsection from reducing the amount of or repealing the |
 
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exemption. An eligible adult is entitled to receive other |
 
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applicable exemptions provided by law.  Where ad valorem tax has |
 
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previously been pledged for the payment of debt, the governing body |
 
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of a political subdivision may continue to levy and collect the tax |
 
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against the value of the homesteads exempted under this subsection |
 
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until the debt is discharged if the cessation of the levy would |
 
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impair the obligation of the contract by which the debt was created.   |
 
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The legislature by general law may prescribe procedures for the |
 
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administration of residence homestead exemptions. |
 
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             SECTION  2.    This proposed constitutional amendment shall be |
 
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submitted to the voters at an election to be held November 2, 2021. |
 
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The ballot shall be printed to permit voting for or against the |
 
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proposition: "The constitutional amendment to increase the maximum |
 
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amount of the local option residence homestead exemption from ad |
 
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valorem taxation by a political subdivision from 20 percent to 100 |
 
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percent." |