Bill Text: TX HB1980 | 2015-2016 | 84th Legislature | Introduced
Bill Title: Relating to the authority of the governing body of certain taxing units to adopt a local option residence homestead exemption from ad valorem taxation of a portion, expressed as a dollar amount, of the appraised value of an individual's residence homestead.
Sponsorship: Partisan Bill (Democrat 1)
Status: (Introduced - Dead) 2015-04-21 - Left pending in committee [HB1980 Detail]
Download: Texas-2015-HB1980-Introduced.html
| 84R10084 TJB-F | ||
| By: Thompson of Harris | H.B. No. 1980 | |
|
|
||
|
|
||
| relating to the authority of the governing body of certain taxing | ||
| units to adopt a local option residence homestead exemption from ad | ||
| valorem taxation of a portion, expressed as a dollar amount, of the | ||
| appraised value of an individual's residence homestead. | ||
| BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
| SECTION 1. Section 11.13, Tax Code, is amended by adding | ||
| Subsection (n-1) to read as follows: | ||
| (n-1) The governing body of a taxing unit other than a | ||
| school district, in the manner provided by law for official action | ||
| by the body, may adopt an exemption from taxation by the taxing unit | ||
| of a portion, expressed as a dollar amount, of the appraised value | ||
| of an individual's residence homestead. The exemption must be | ||
| adopted by the governing body before July 1 of the tax year in which | ||
| the exemption applies. If the governing body adopts an exemption | ||
| under this subsection, the amount of the exemption in a tax year may | ||
| not be less than $5,000. An individual is entitled to an exemption | ||
| adopted under this subsection in addition to any other exemptions | ||
| provided by this section. | ||
| 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, 2016, but only | ||
| if the constitutional amendment proposed by the 84th Legislature, | ||
| Regular Session, 2015, authorizing the governing body of certain | ||
| political subdivisions to adopt a local option residence homestead | ||
| exemption from ad valorem taxation of a portion, expressed as a | ||
| dollar amount, of the market value of an individual's residence | ||
| homestead is approved by the voters. If that amendment is not | ||
| approved by the voters, this Act has no effect. | ||
