Bill Text: TX HB3127 | 2019-2020 | 86th Legislature | Introduced
Bill Title: Relating to the maximum amount of the local option residence homestead exemption from ad valorem taxation by a taxing unit.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced - Dead) 2019-05-01 - Left pending in committee [HB3127 Detail]
Download: Texas-2019-HB3127-Introduced.html
86R10754 SMT-F | ||
By: Middleton | H.B. No. 3127 |
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relating to the maximum amount of the local option residence | ||
homestead exemption from ad valorem taxation by a taxing unit. | ||
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 100 | ||
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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, 2020, but only | ||
if the constitutional amendment proposed by the 86th Legislature, | ||
Regular Session, 2019, to increase the maximum amount of the local | ||
option residence homestead exemption from ad valorem taxation by a | ||
political subdivision is approved by the voters. If that amendment | ||
is not approved by the voters, this Act has no effect. |