TITLE: Proposing a constitutional amendment to exempt from ad valorem taxation 50 percent of the appraised value of the residence homestead of a person who has received a residence homestead exemption on the property for at least the preceding 10 years.

SUMMARY: Proposing a constitutional amendment to exempt from ad valorem taxation 50 percent of the appraised value of the residence homestead of a person who has received a residence homestead exemption on the property for at least the preceding 10 years.

FULL TEXT:
88(R) HJR 191-Introduced version-Bill Text 88R13268 SHH-D By: Jones of Harris H.J.R. No. 191 A JOINT RESOLUTION proposing a constitutional amendment to exempt from ad valorem taxation 50 percent of the appraised value of the residence homestead of a person who has received a residence homestead exemption on the property for at least the preceding 10 years. 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 (y) to read as follows: (y) A person is entitled to an exemption from ad valorem taxation of 50 percent of the appraised value of the person's residence homestead if the person has received an exemption under this section for that residence homestead for at least the preceding 10 years. 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 shall provide for formulas to protect school districts against all or part of the revenue loss incurred by the implementation of this subsection. 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 50 percent of the appraised value of the residence homestead of a person who has received a residence homestead exemption for the property for at least the preceding 10 years. (b) Section 1-b(y), 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 50 percent of the appraised value of the residence homestead of a person who has received a residence homestead exemption for the property for at least the preceding 10 years."