Bill Text: TX HJR129 | 2021-2022 | 87th Legislature | Introduced
Bill Title: Proposing a constitutional amendment authorizing the governing body of a political subdivision to adopt a residence homestead exemption from ad valorem taxation of either a percentage or a portion, expressed as a dollar amount, of the market value of an individual's residence homestead.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced - Dead) 2021-03-22 - Referred to Ways & Means [HJR129 Detail]
Download: Texas-2021-HJR129-Introduced.html
87R12813 TJB-D | ||
By: Thierry | H.J.R. No. 129 |
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proposing a constitutional amendment authorizing the governing | ||
body of a political subdivision to adopt a residence homestead | ||
exemption from ad valorem taxation of either a percentage or a | ||
portion, expressed as a dollar amount, of the market value of an | ||
individual's residence homestead. | ||
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 a percentage [ |
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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. As an alternative, the governing | ||
body of the political subdivision may exempt from ad valorem | ||
taxation a portion, expressed as a dollar amount, of the market | ||
value of the residence homestead of a married or unmarried adult, | ||
including one living alone. The amount of the alternative | ||
exemption may not be less than $5,000 or more than $100,000. 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 2, 2021. | ||
The ballot shall be printed to permit voting for or against the | ||
proposition: "The constitutional amendment authorizing the | ||
governing body of a political subdivision to adopt a residence | ||
homestead exemption from ad valorem taxation of either a percentage | ||
or a portion, expressed as a dollar amount, of the market value of | ||
an individual's residence homestead." |