Bill Text: TX SJR42 | 2021-2022 | 87th Legislature | Introduced
Bill Title: Proposing a constitutional amendment authorizing the governing body of a political subdivision to adopt a residence homestead exemption from ad valorem taxation of either a percentage or a portion, expressed as a dollar amount, of the market value of an individual's residence homestead.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced - Dead) 2021-03-11 - Referred to Local Government [SJR42 Detail]
Download: Texas-2021-SJR42-Introduced.html
87R10785 TJB-D | ||
By: Eckhardt | S.J.R. No. 42 |
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proposing a constitutional amendment authorizing the governing | ||
body of a political subdivision to adopt a residence homestead | ||
exemption from ad valorem taxation of either a percentage or a | ||
portion, expressed as a dollar amount, of the market value of an | ||
individual's residence homestead. | ||
BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
SECTION 1. Section 1-b(e), Article VIII, Texas | ||
Constitution, is amended to read as follows: | ||
(e) The governing body of a political subdivision[ |
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taxation a percentage of the market value of the residence | ||
homestead of a married or unmarried adult, including one living | ||
alone. [ |
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percent. However, the amount of a percentage [ |
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authorized pursuant to this subsection may not be less than $5,000 | ||
unless the legislature by general law prescribes other monetary | ||
restrictions on the amount of the exemption. As an alternative, the | ||
governing body of the political subdivision may exempt from ad | ||
valorem taxation a portion, expressed as a dollar amount, of the | ||
market value of the residence homestead of a married or unmarried | ||
adult, including one living alone. The amount of the alternative | ||
exemption may not be less than $5,000. The legislature by general | ||
law may prohibit the governing body of a political subdivision that | ||
adopts an exemption under this subsection from reducing the amount | ||
of or repealing the exemption. An eligible adult is entitled to | ||
receive other applicable exemptions provided by law. Where ad | ||
valorem tax has previously been pledged for the payment of debt, the | ||
governing body of a political subdivision may continue to levy and | ||
collect the tax against the value of the 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 residence homestead | ||
exemptions. | ||
SECTION 2. This proposed constitutional amendment shall be | ||
submitted to the voters at an election to be held November 2, 2021. | ||
The ballot shall be printed to permit voting for or against the | ||
proposition: "The constitutional amendment authorizing the | ||
governing body of a political subdivision to adopt a residence | ||
homestead exemption from ad valorem taxation of either a percentage | ||
or a portion, expressed as a dollar amount, of the market value of | ||
an individual's residence homestead." |