Bill Text: TX SJR38 | 2019-2020 | 86th Legislature | Introduced


Bill Title: Proposing a constitutional amendment to authorize the legislature to set a lower limit and provide for more than one limit on the maximum appraised value of a residence homestead for ad valorem taxation.

Spectrum: Partisan Bill (Republican 2-0)

Status: (Introduced - Dead) 2019-04-30 - Left pending in committee [SJR38 Detail]

Download: Texas-2019-SJR38-Introduced.html
  86R9088 JES-D
 
  By: Creighton S.J.R. No. 38
 
 
 
A JOINT RESOLUTION
  proposing a constitutional amendment to authorize the legislature
  to set a lower limit and provide for more than one limit on the
  maximum appraised value of a residence homestead for ad valorem
  taxation.
         BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS:
         SECTION 1.  Section 1(i), Article VIII, Texas Constitution,
  is amended to read as follows:
         (i)  Notwithstanding Subsections (a) and (b) of this
  section, the Legislature by general law may limit the maximum
  appraised value of a residence homestead for ad valorem tax
  purposes in a tax year to the lesser of the most recent market value
  of the residence homestead as determined by the appraisal entity or
  103 [110] percent, or a greater percentage, of the appraised value
  of the residence homestead for the preceding tax year. Subject to
  the limitations imposed by this subsection, the Legislature by
  general law may provide for one percentage to be used when
  calculating the limitation on the maximum appraised value of a
  residence homestead with a lesser appraised value and another
  percentage to be used when calculating that limitation on a
  residence homestead with a greater appraised value.  A limitation
  on appraised values authorized by this subsection:
               (1)  takes effect as to a residence homestead 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 the owner
  qualifies the property for an exemption under Section 1-b of this
  article; and
               (2)  expires on January 1 of the first tax year that
  neither the owner of the property when the limitation took effect
  nor the owner's spouse or surviving spouse qualifies for an
  exemption under Section 1-b of this article.
         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 set a lower limit and provide for more than one limit
  on the maximum appraised value of a residence homestead for ad
  valorem taxation."
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