Bill Text: TX SJR80 | 2019-2020 | 86th Legislature | Introduced
Bill Title: Proposing a constitutional amendment to increase the maximum amount of the local option residence homestead exemption from ad valorem taxation by a political subdivision.
Spectrum: Bipartisan Bill
Status: (N/A - Dead) 2019-04-01 - Co-author authorized [SJR80 Detail]
Download: Texas-2019-SJR80-Introduced.html
86R12917 SMT-D | ||
By: Creighton | S.J.R. No. 80 |
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proposing a constitutional amendment to increase the maximum amount | ||
of the local option residence homestead exemption from ad valorem | ||
taxation by a political subdivision. | ||
BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
SECTION 1. Section 1-b(e), Article VIII, Texas | ||
Constitution, is amended to read as follows: | ||
(e) The governing body of a political subdivision[ |
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taxation a percentage of the market value of the residence | ||
homestead of a married or unmarried adult, including one living | ||
alone. [ |
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However, the amount of an exemption authorized pursuant to this | ||
subsection may not be less than $5,000 unless the legislature by | ||
general law prescribes other monetary restrictions on the amount of | ||
the exemption. The legislature by general law may prohibit the | ||
governing body of a political subdivision that adopts an exemption | ||
under this subsection from reducing the amount of or repealing the | ||
exemption. An eligible adult is entitled to receive other | ||
applicable exemptions provided by law. Where ad valorem tax has | ||
previously been pledged for the payment of debt, the governing body | ||
of a political subdivision may continue to levy and collect the tax | ||
against the value of the 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 residence homestead exemptions. | ||
SECTION 2. 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 to increase the maximum | ||
amount of the local option residence homestead exemption from ad | ||
valorem taxation by a political subdivision from 20 percent to 100 | ||
percent." |