Bill Text: TX SJR60 | 2015-2016 | 84th Legislature | Engrossed
Bill Title: Proposing a constitutional amendment authorizing the governing body of a political subdivision to adopt a local option exemption from ad valorem taxation of a portion, expressed as a dollar amount, of the market value of real property of a business that employs honorably discharged veterans.
Sponsorship: Partisan Bill (Republican 1)
Status: (Engrossed - Dead) 2015-05-04 - Referred to Ways & Means [SJR60 Detail]
Download: Texas-2015-SJR60-Engrossed.html
| By: Campbell | S.J.R. No. 60 | |
| SENATE JOINT RESOLUTION | ||
| proposing a constitutional amendment authorizing the governing | ||
| body of a political subdivision to adopt a local option exemption | ||
| from ad valorem taxation of a portion, expressed as a dollar amount, | ||
| of the market value of real property of a business that employs | ||
| honorably discharged veterans. | ||
| BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
| SECTION 1. Article VIII, Texas Constitution, is amended by | ||
| adding Section 1-s to read as follows: | ||
| Sec. 1-s. The governing body of a political subdivision may | ||
| exempt from ad valorem taxation a portion, expressed as a dollar | ||
| amount, of the market value of real property that a person owns and | ||
| uses to operate a business that employs one or more honorably | ||
| discharged veterans of the armed services of the United States. The | ||
| amount of the exemption authorized by this section may not exceed | ||
| $15,000 of the market value of the property for each honorably | ||
| discharged veteran employed by the business. The legislature by | ||
| general law may provide additional eligibility requirements for the | ||
| exemption. | ||
| SECTION 2. This proposed constitutional amendment shall be | ||
| submitted to the voters at an election to be held November 3, 2015. | ||
| 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 local option | ||
| exemption from ad valorem taxation of a portion, expressed as a | ||
| dollar amount, of the market value of real property of a business | ||
| that employs honorably discharged veterans." | ||
