| |
| |
|
|
A JOINT RESOLUTION
|
|
|
proposing a constitutional amendment authorizing the legislature |
|
|
to provide for an exemption from ad valorem taxation by a political |
|
|
subdivision located wholly or partly in a populous county of a |
|
|
specified dollar amount, or a greater dollar amount specified by |
|
|
the governing body of the political subdivision, of the assessed |
|
|
value of a residence homestead. |
|
|
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 (x) to read as follows: |
|
|
(x) 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 political |
|
|
subdivision of this state located wholly or partly in a county with |
|
|
a population of 200,000 or more of $25,000, or a greater dollar |
|
|
amount specified by the governing body of the political subdivision |
|
|
in the manner provided by law for official action by the body, of |
|
|
the assessed value of an individual's residence homestead. Where |
|
|
ad valorem tax has previously been pledged for the payment of debt, |
|
|
the taxing officers of a political subdivision may continue to levy |
|
|
and collect the tax against the value of the 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. |
|
|
SECTION 2. This proposed constitutional amendment shall be |
|
|
submitted to the voters at an election to be held November 7, 2023. |
|
|
The ballot shall be printed to permit voting for or against the |
|
|
proposition: "The constitutional amendment authorizing the |
|
|
legislature to provide for an exemption from ad valorem taxation by |
|
|
a political subdivision located wholly or partly in a populous |
|
|
county of a specified dollar amount, or a greater dollar amount |
|
|
specified by the governing body of the political subdivision, of |
|
|
the assessed value of a residence homestead." |