Bill Text: TX HJR207 | 2023-2024 | 88th Legislature | Introduced
Bill Title: Proposing a constitutional amendment to exempt from ad valorem taxation a portion of the market value of the residence homesteads of certain elderly persons and their surviving spouses.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced - Dead) 2023-03-24 - Referred to Ways & Means [HJR207 Detail]
Download: Texas-2023-HJR207-Introduced.html
| 88R11031 MLH-D | ||
| By: Cook | H.J.R. No. 207 | |
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| proposing a constitutional amendment to exempt from ad valorem | ||
| taxation a portion of the market value of the residence homesteads | ||
| of certain elderly persons and their surviving spouses. | ||
| 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 (v) to read as follows: | ||
| (v) A person is entitled to an exemption from ad valorem | ||
| taxation of $150,000 of the market value of the person's residence | ||
| homestead if the person is 75 years of age or older and the person | ||
| has received an exemption under this section for the residence | ||
| homestead for at least the preceding 10 years. The surviving spouse | ||
| of a person who received an exemption under this subsection for the | ||
| residence homestead of a person 75 years of age or older is entitled | ||
| to an exemption from ad valorem taxation of $150,000 of the market | ||
| value of the same property if the deceased spouse died in a year in | ||
| which the deceased spouse received the exemption, the surviving | ||
| spouse was 55 years of age or older when the deceased spouse died, | ||
| and the property was the residence homestead of the surviving | ||
| spouse when the deceased spouse died and remains the residence | ||
| homestead of the surviving spouse. Where ad valorem tax of a | ||
| political subdivision has previously been pledged for the payment | ||
| of debt, the taxing officers of the political subdivision 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 this | ||
| subsection. | ||
| 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 88th Legislature, | ||
| Regular Session, 2023, to exempt from ad valorem taxation a portion | ||
| of the market value of the residence homesteads of certain elderly | ||
| persons and their surviving spouses. | ||
| (b) Section 1-b(v), Article VIII, of this constitution | ||
| takes effect January 1, 2024. | ||
| (c) This temporary provision expires January 1, 2025. | ||
| SECTION 3. This proposed constitutional amendment shall be | ||
| submitted to the voters at an election to be held November 7, 2023. | ||
| The ballot shall be printed to permit voting for or against the | ||
| proposition: "The constitutional amendment to exempt from ad | ||
| valorem taxation a portion of the market value of the residence | ||
| homestead of a person 75 years of age or older or the person's | ||
| surviving spouse." | ||
