Bill Text: TX HJR7 | 2021 | 87th Legislature 3rd Special Session | 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: Partisan Bill (Republican 1-0)
Status: (Introduced - Dead) 2021-09-17 - Filed [HJR7 Detail]
Download: Texas-2021-HJR7-Introduced.html
| By: Middleton | H.J.R. No. 7 | |
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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 8, 2022. | ||
| 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." | ||
