Bill Text: TX SB639 | 2023-2024 | 88th Legislature | Introduced

Texas Senate Bill 639

Introduced

Bill Title: Relating to the continuation of a limitation on increases in the appraised value of a residence homestead for ad valorem tax purposes if the property is acquired by and qualifies as the homestead of an heir of the owner or the owner's spouse or surviving spouse.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2023-02-17 - Referred to Local Government [SB639 Detail]

Download: Texas-2023-SB639-Introduced.html

	88R888 TJB-D

	By: Miles	S.B. No. 639



	A BILL TO BE ENTITLED
	AN ACT
	relating to the continuation of a limitation on increases in the
	appraised value of a residence homestead for ad valorem tax
	purposes if the property is acquired by and qualifies as the
	homestead of an heir of the owner or the owner's spouse or surviving
	spouse.
	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
	SECTION 1. Section 23.23, Tax Code, is amended by amending
	Subsection (c) and adding Subsection (c-2) to read as follows:
	(c) The limitation provided by Subsection (a) takes effect
	as to a residence homestead on January 1 of the tax year following
	the first tax year the owner qualifies the property for an exemption
	under Section 11.13. [~~The limitation expires on January 1 of the~~
	~~first tax year that neither the owner of the property when the~~
	~~limitation took effect nor the owner's spouse or surviving spouse~~
	~~qualifies for an exemption under Section 11.13.~~]
	(c-2) The limitation provided by Subsection (a) expires as
	to a residence homestead on January 1 of the first tax year that
	none of the following individuals qualify for an exemption under
	Section 11.13 with respect to the property:
	(1) the owner of the property when the limitation took
	effect;
	(2) the owner's spouse or surviving spouse; or
	(3) the first heir property owner to acquire the
	property as heir property from an individual described by
	Subdivision (1) or (2).
	SECTION 2. This Act applies only to the appraisal for ad
	valorem tax purposes of residence homesteads for a tax year that
	begins on or after the effective date of this Act.
	SECTION 3. This Act takes effect January 1, 2024, but only
	if the constitutional amendment proposed by the 88th Legislature,
	Regular Session, 2023, to authorize the legislature to provide for
	the continuation of a limitation on the maximum appraised value of a
	residence homestead for ad valorem tax purposes if the property is
	acquired by and qualifies as the homestead of an heir of the owner
	or the owner's spouse or surviving spouse is approved by the voters.
	If that amendment is not approved by the voters, this Act has no
	effect.