Bill Text: TX HB1858 | 2021-2022 | 87th Legislature | Introduced


Bill Title: Relating to the authority of the governing body of a taxing unit that adopts an exemption from ad valorem taxation of a percentage of the appraised value of an individual's residence homestead to set the minimum dollar amount of the exemption to which an individual is entitled in a tax year.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2021-03-11 - Referred to Ways & Means [HB1858 Detail]

Download: Texas-2021-HB1858-Introduced.html
  87R6529 TJB-F
 
  By: Rodriguez H.B. No. 1858
 
 
 
A BILL TO BE ENTITLED
 
AN ACT
  relating to the authority of the governing body of a taxing unit
  that adopts an exemption from ad valorem taxation of a percentage of
  the appraised value of an individual's residence homestead to set
  the minimum dollar amount of the exemption to which an individual is
  entitled in a tax year.
         BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
         SECTION 1.  Section 11.13(n), Tax Code, is amended to read as
  follows:
         (n)  In addition to any other exemptions provided by this
  section, an individual is entitled to an exemption from taxation by
  a taxing unit of a percentage of the appraised value of the
  individual's [his] residence homestead if the exemption is adopted
  by the governing body of the taxing unit before July 1 in the manner
  provided by law for official action by the body. If the percentage
  set by the taxing unit produces an exemption in a tax year of less
  than $5,000, or of a greater dollar amount not to exceed $25,000
  adopted by the governing body before July 1 of that tax year in the
  manner provided by law for official action by the body, when applied
  to a particular residence homestead, the individual is entitled to
  an exemption of $5,000 or, if applicable, of the greater dollar
  amount adopted by the governing body, of the appraised value. The
  percentage adopted by the taxing unit may not exceed 20 percent.
         SECTION 2.  This Act applies only to ad valorem taxes imposed
  for a tax year that begins on or after the effective date of this
  Act.
         SECTION 3.  This Act takes effect January 1, 2022, but only
  if the constitutional amendment proposed by the 87th Legislature,
  Regular Session, 2021, authorizing the governing body of a
  political subdivision that adopts an exemption from ad valorem
  taxation of a percentage of the market value of an individual's
  residence homestead to set the minimum dollar amount of the
  exemption to which an individual is entitled in a tax year is
  approved by the voters. If that amendment is not approved by the
  voters, this Act has no effect.
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