Bill Text: TX SB2362 | 2019-2020 | 86th Legislature | Introduced


Bill Title: Relating to the authority of the governing body of a taxing unit to adopt an exemption from ad valorem taxation of an individual's residence homestead.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2019-04-23 - Left pending in committee [SB2362 Detail]

Download: Texas-2019-SB2362-Introduced.html
 
 
  By: West S.B. No. 2362
 
 
 
   
 
 
A BILL TO BE ENTITLED
 
AN ACT
  relating to the authority of the governing body of a taxing unit to
  adopt an exemption from ad valorem taxation of an individual's
  residence homestead.
         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 or of a fixed dollar amount
  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 30 [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, 2020, but only
  if the constitutional amendment proposed by the 86th Legislature,
  Regular Session, 2019, 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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