Bill Text: TX HB1392 | 2021-2022 | 87th Legislature | Introduced
Bill Title: Relating to the maximum amount of the local option residence homestead exemption from ad valorem taxation by a taxing unit all or part of which is located in certain counties.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced - Dead) 2021-03-05 - Referred to Ways & Means [HB1392 Detail]
Download: Texas-2021-HB1392-Introduced.html
87R919 SMT-F | ||
By: Middleton | H.B. No. 1392 |
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relating to the maximum amount of the local option residence | ||
homestead exemption from ad valorem taxation by a taxing unit all or | ||
part of which is located in certain counties. | ||
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
SECTION 1. Section 11.13(n), Tax Code, is amended to read as | ||
follows: | ||
(n) In addition to any other exemptions provided by this | ||
section, an individual is entitled to an exemption from taxation by | ||
a taxing unit of a percentage of the appraised value of the | ||
individual's [ |
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by the governing body of the taxing unit before July 1 in the manner | ||
provided by law for official action by the body. If the percentage | ||
set by the taxing unit produces an exemption in a tax year of less | ||
than $5,000 when applied to a particular residence homestead, the | ||
individual is entitled to an exemption of $5,000 of the appraised | ||
value. The percentage adopted by the taxing unit may not exceed 20 | ||
percent or, if all or part of the taxing unit is located in Chambers | ||
or Galveston County, 100 percent. | ||
SECTION 2. This Act applies only to ad valorem taxes imposed | ||
for a tax year that begins on or after the effective date of this | ||
Act. | ||
SECTION 3. This Act takes effect January 1, 2022, but only | ||
if the constitutional amendment proposed by the 87th Legislature, | ||
Regular Session, 2021, to increase the maximum amount of the local | ||
option residence homestead exemption from ad valorem taxation by a | ||
political subdivision all or part of which is located in certain | ||
counties is approved by the voters. If that amendment is not | ||
approved by the voters, this Act has no effect. |