Bill Text: TX HJR35 | 2017 | 85th Legislature 1st Special Session | Introduced
Bill Title: Proposing a constitutional amendment to authorize the legislature to limit increases in the appraised value of commercial or industrial real property for ad valorem tax purposes.
Spectrum: Partisan Bill (Republican 2-0)
Status: (Introduced - Dead) 2017-07-25 - Left pending in committee [HJR35 Detail]
Download: Texas-2017-HJR35-Introduced.html
| 85S10082 SMH/TJB-D | ||
| By: Bonnen of Brazoria | H.J.R. No. 35 | |
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| proposing a constitutional amendment to authorize the legislature | ||
| to limit increases in the appraised value of commercial or | ||
| industrial real property for ad valorem tax purposes. | ||
| BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
| SECTION 1. Section 1, Article VIII, Texas Constitution, is | ||
| amended by adding Subsection (k) to read as follows: | ||
| (k) Notwithstanding Subsections (a) and (b) of this | ||
| section, the Legislature by general law may limit the maximum | ||
| appraised value of a parcel of commercial or industrial real | ||
| property, as defined by the Legislature, for ad valorem tax | ||
| purposes in a tax year to the lesser of the most recent market value | ||
| of the property as determined by the appraisal entity or 120 | ||
| percent, or a greater percentage, of the appraised value of the | ||
| property for the preceding tax year. A limitation on appraised | ||
| values authorized by this subsection: | ||
| (1) takes effect as to a parcel of commercial or | ||
| industrial real property on the later of the effective date of the | ||
| law imposing the limitation or January 1 of the tax year following | ||
| the first tax year in which the owner owns the property on January 1 | ||
| and in which the property qualifies as commercial or industrial | ||
| real property; and | ||
| (2) expires on January 1 of the tax year following the | ||
| first tax year in which the owner of the property ceases to own the | ||
| property or the property ceases to qualify as commercial or | ||
| industrial real property. | ||
| SECTION 2. This proposed constitutional amendment shall be | ||
| submitted to the voters at an election to be held November 7, 2017. | ||
| The ballot shall be printed to permit voting for or against the | ||
| proposition: "The constitutional amendment to authorize the | ||
| legislature to limit increases in the appraised value of commercial | ||
| or industrial real property for ad valorem tax purposes to 20 | ||
| percent or more of the appraised value of the property for the | ||
| preceding tax year." | ||
