Proposing a constitutional amendment to authorize the legislature to provide for a one-time credit against the ad valorem taxes imposed by a political subdivision on the first property that a person purchases and qualifies as the person's residence homestead and to provide for the reimbursement of political subdivisions for the revenue loss incurred as a result of the credit.

89(R) HJR 209 - Introduced version - Bill Text

89R6216 LHC-F

By: Bhojani

H.J.R. No. 209

A JOINT RESOLUTION

proposing a constitutional amendment to authorize the legislature

to provide for a one-time credit against the ad valorem taxes

imposed by a political subdivision on the first property that a

person purchases and qualifies as the person's residence homestead

and to provide for the reimbursement of political subdivisions for

the revenue loss incurred as a result of the credit.

BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS:

SECTION 1. Article VIII, Texas Constitution, is amended by

adding Section 1-q to read as follows:

Sec.

1-q.

(a)

The legislature by general law may provide

that a person who purchases a home is entitled to a one-time credit

against the ad valorem taxes imposed by a political subdivision on

the home in the first tax year in which the property qualifies as

the person's residence homestead if the person has not previously

qualified a property as the person's residence homestead. The

amount of the credit may not exceed the lesser of:

(1)

the amount computed by multiplying $3,000 by a

fraction, the numerator of which is the amount of taxes imposed on

the residence homestead by the political subdivision and the

denominator of which is the total amount of taxes imposed on the

residence homestead by all of the political subdivisions that

impose taxes on the residence homestead; or

(2)

one-half of the amount of taxes imposed by the

political subdivision on the residence homestead.

(b)

The legislature may prescribe additional eligibility

requirements for receiving a credit under this section.

(c)

Notwithstanding any other provision of this

constitution, the legislature by general law may authorize the use

of state money to reimburse a political subdivision for the revenue

loss incurred by the political subdivision as a result of the tax

credit authorized by this section and shall provide a procedure for

distributing any money appropriated for that purpose.

SECTION 2. This proposed constitutional amendment shall be

submitted to the voters at an election to be held November 4, 2025.

The ballot shall be printed to permit voting for or against the

proposition: "The constitutional amendment to authorize the

legislature to provide for a one-time credit against the ad valorem

taxes imposed by a political subdivision on the first property that

a person purchases and qualifies as the person's residence

homestead and to provide for the reimbursement of political

subdivisions for the revenue loss incurred as a result of the

credit."