Texas House Joint Resolution 87 (Prior Session Legislation)

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Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on January 24 2023 - 25% progression, died in committee
Action: 2023-03-03 - Referred to Ways & Means
Pending: House Ways & Means Committee
Text: Latest bill text (Introduced) [HTML]

Proposing a constitutional amendment authorizing the legislature to limit the maximum appraised value of residential real property for ad valorem tax purposes to 105 percent or more of the appraised value of the property for the preceding tax year, to exempt from ad valorem taxation the total appraised value of property purchased by an individual for the first tax year the individual qualifies the property as the individual's residence homestead if the property is the individual's first residence homestead and has an appraised value of less than $300,000, and to limit the total amount of ad valorem taxes that a political subdivision may impose on the residence homestead of an individual and the surviving spouse of the individual if the individual qualifies the property as the individual's residence homestead for at least 25 consecutive tax years.

Proposing a constitutional amendment authorizing the legislature to limit the maximum appraised value of residential real property for ad valorem tax purposes to 105 percent or more of the appraised value of the property for the preceding tax year, to exempt from ad valorem taxation the total appraised value of property purchased by an individual for the first tax year the individual qualifies the property as the individual's residence homestead if the property is the individual's first residence homestead and has an appraised value of less than $300,000, and to limit the total amount of ad valorem taxes that a political subdivision may impose on the residence homestead of an individual and the surviving spouse of the individual if the individual qualifies the property as the individual's residence homestead for at least 25 consecutive tax years.

Rep. Stephen Allison [R]

Date	Chamber	Action
2023-03-03	House	Referred to Ways & Means
2023-03-03	House	Read first time
2023-01-24	House	Filed

HB1566 (Enabled by) 2023-03-03 - Referred to Ways & Means

Type	Source
Summary	https://capitol.texas.gov/BillLookup/History.aspx?LegSess=88R&Bill=HJR87
Text	https://capitol.texas.gov/tlodocs/88R/billtext/html/HJ00087I.htm