Bill Text: TX HJR136 | 2019-2020 | 86th Legislature | Introduced
Bill Title: Proposing a constitutional amendment to authorize the legislature to limit increases in the appraised value of commercial real property for ad valorem tax purposes.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced - Dead) 2019-03-25 - Referred to Ways & Means [HJR136 Detail]
Download: Texas-2019-HJR136-Introduced.html
| 86R4528 TJB-D | ||
| By: Gutierrez | H.J.R. No. 136 | |
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| proposing a constitutional amendment to authorize the legislature | ||
| to limit increases in the appraised value of commercial real | ||
| property for ad valorem tax purposes. | ||
| BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
| SECTION 1. Section 1, Article VIII, Texas Constitution, is | ||
| amended by adding Subsection (k) to read as follows: | ||
| (k) Notwithstanding Subsections (a) and (b) of this | ||
| section, the Legislature by general law may limit the maximum | ||
| appraised value of a parcel of commercial real property for ad | ||
| valorem tax purposes in a tax year to the lesser of the most recent | ||
| market value of the property as determined by the appraisal entity | ||
| or 110 percent, or a greater percentage, of the appraised value of | ||
| the property for the preceding tax year. The Legislature by general | ||
| law may define commercial real property for purposes of this | ||
| section. A limitation on appraised values authorized by this | ||
| subsection: | ||
| (1) takes effect as to a parcel of commercial real | ||
| property on the later of the effective date of the law imposing the | ||
| limitation or January 1 of the tax year following the first tax year | ||
| in which the owner owns the property on January 1 and in which the | ||
| property meets the definition of commercial real property; and | ||
| (2) expires on January 1 of the tax year following the | ||
| first tax year in which the owner of the property ceases to own the | ||
| property or the property no longer meets the definition of | ||
| commercial real property. | ||
| SECTION 2. This proposed constitutional amendment shall be | ||
| submitted to the voters at an election to be held November 5, 2019. | ||
| The ballot shall be printed to permit voting for or against the | ||
| proposition: "The constitutional amendment to authorize the | ||
| legislature to limit increases in the appraised value of commercial | ||
| real property for ad valorem tax purposes to 10 percent or more of | ||
| the appraised value of the property for the preceding tax year." | ||
