Bill Text: TX HJR97 | 2019-2020 | 86th Legislature | Introduced


Bill Title: Proposing a constitutional amendment authorizing the legislature to exempt from ad valorem taxation by a school district a portion of the appraised value of an individual's residence homestead in an amount equal to the lesser of 50 percent of the appraised value of the residence homestead after all other applicable exemptions for which the individual has qualified the homestead are applied or 150 percent of the median appraised value of all single-family residences in the state and authorizing the legislature to exempt from ad valorem taxation by one or more political subdivisions of this state inventory held for sale at retail.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced - Dead) 2019-03-12 - Referred to Ways & Means [HJR97 Detail]

Download: Texas-2019-HJR97-Introduced.html
  86R15198 SMT-D
 
  By: Springer H.J.R. No. 97
 
 
 
A JOINT RESOLUTION
  proposing a constitutional amendment authorizing the legislature
  to exempt from ad valorem taxation by a school district a portion of
  the appraised value of an individual's residence homestead in an
  amount equal to the lesser of 50 percent of the appraised value of
  the residence homestead after all other applicable exemptions for
  which the individual has qualified the homestead are applied or 150
  percent of the median appraised value of all single-family
  residences in the state and authorizing the legislature to exempt
  from ad valorem taxation by one or more political subdivisions of
  this state inventory held for sale at retail.
         BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS:
         SECTION 1.  Section 1-b, Article VIII, Texas Constitution,
  is amended by adding Subsection (t) to read as follows:
         (t)  In addition to any other exemption authorized or
  prescribed by this section, the legislature by general law may
  provide for an exemption from ad valorem taxation by a school
  district of a portion of the appraised value of an individual's
  residence homestead in an amount equal to the lesser of 50 percent
  of the appraised value of the residence homestead after all other
  applicable exemptions for which the individual has qualified the
  homestead are applied or 150 percent of the median appraised value
  of all single-family residences in the state. Where ad valorem tax
  of a school district has previously been pledged for the payment of
  debt, the taxing officers of the school district may continue to
  levy and collect the tax against the value of residence homesteads
  exempted under this subsection until the debt is discharged if the
  cessation of the levy would impair the obligation of the contract by
  which the debt was created. The legislature by general law may
  prescribe procedures for the administration of the exemption
  authorized under this subsection and may provide additional
  eligibility requirements for the exemption.
         SECTION 2.  Article VIII, Texas Constitution, is amended by
  adding Section 1-r to read as follows:
         Sec. 1-r.  The legislature by general law may exempt from ad
  valorem taxation by one or more political subdivisions of this
  state a person's inventory held for sale at retail, as defined by
  general law.
         SECTION 3.  The following temporary provision is added to
  the Texas Constitution:
         TEMPORARY PROVISION.  (a) This temporary provision applies
  to the constitutional amendment proposed by the 86th Legislature,
  Regular Session, 2019, authorizing the legislature to exempt from
  ad valorem taxation by a school district a portion of the appraised
  value of an individual's residence homestead in an amount equal to
  the lesser of 50 percent of the appraised value of the residence
  homestead after all other applicable exemptions for which the
  individual has qualified the homestead are applied or 150 percent
  of the median appraised value of all single-family residences in
  the state and authorizing the legislature to exempt from ad valorem
  taxation by one or more political subdivisions of this state
  inventory held for sale at retail.
         (b)  Sections 1-b(t) and 1-r, Article VIII, of this
  constitution, as added by the amendment, take effect January 1,
  2020, and apply only to ad valorem taxes imposed for a tax year
  beginning on or after that date.
         (c)  This temporary provision expires January 1, 2021.
         SECTION 4.  This proposed constitutional amendment shall be
  submitted to the voters at an election to be held November 5, 2019.
  The ballot shall be printed to permit voting for or against the
  proposition: "The constitutional amendment authorizing the
  legislature to exempt from ad valorem taxation by a school district
  a portion of the appraised value of an individual's residence
  homestead in an amount equal to the lesser of 50 percent of the
  appraised value of the residence homestead after all other
  applicable exemptions for which the individual has qualified the
  homestead are applied or 150 percent of the median appraised value
  of all single-family residences in the state and authorizing the
  legislature to exempt from ad valorem taxation by one or more
  political subdivisions of this state inventory held for sale at
  retail."
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