Bill Text: TX SJR63 | 2021-2022 | 87th Legislature | Introduced
Bill Title: Proposing a constitutional amendment authorizing the legislature to exempt from ad valorem taxation by a school district a portion of the appraised value of an individual's residence homestead.
Sponsorship: Partisan Bill (Republican 1)
Status: (Introduced - Dead) 2021-03-26 - Referred to Finance [SJR63 Detail]
Download: Texas-2021-SJR63-Introduced.html
| 87R13061 SMT-D | ||
| By: Springer | S.J.R. No. 63 | |
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| proposing a constitutional amendment authorizing the legislature | ||
| to exempt from ad valorem taxation by a school district a portion of | ||
| the appraised value of an individual's 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 (t) to read as follows: | ||
| (t) 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 school | ||
| district of a portion of the appraised value of an individual's | ||
| residence homestead in an amount equal to 150 percent of the median | ||
| appraised value of all single-family residences in the state. | ||
| Where ad valorem tax of a school district has previously been | ||
| pledged for the payment of debt, the taxing officers of the school | ||
| district may continue to levy and collect the tax against the value | ||
| of 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. The | ||
| legislature by general law may prescribe procedures for the | ||
| administration of the exemption authorized under this subsection | ||
| and may provide additional eligibility requirements for the | ||
| exemption. | ||
| SECTION 2. The following temporary provision is added to | ||
| the Texas Constitution: | ||
| TEMPORARY PROVISION. (a) This temporary provision applies | ||
| to the constitutional amendment proposed by the 87th Legislature, | ||
| Regular Session, 2021, authorizing the legislature to exempt from | ||
| ad valorem taxation by a school district a portion of the appraised | ||
| value of an individual's residence homestead in an amount equal to | ||
| 150 percent of the median appraised value of all single-family | ||
| residences in the state. | ||
| (b) Section 1-b(t), Article VIII, of this constitution, as | ||
| added by the amendment, takes effect January 1, 2022, and applies | ||
| only to ad valorem taxes imposed for a tax year beginning on or | ||
| after that date. | ||
| (c) This temporary provision expires January 1, 2023. | ||
| SECTION 3. 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 | ||
| legislature to exempt from ad valorem taxation by a school district | ||
| a portion of the appraised value of an individual's residence | ||
| homestead in an amount equal to 150 percent of the median appraised | ||
| value of all single-family residences in the state." | ||
