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TX HJR199
Joint Resolution
Status
3/13/2025
Primary Sponsor
Vincent Perez
Click for details
AI Summary
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Proposes amending Article VIII of the Texas Constitution by adding Section 1-z to authorize temporary property tax exemptions on surplus school district real property
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Allows the legislature to authorize political subdivisions to exempt from ad valorem (property) taxation the total market value of surplus real property purchased from a school district
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Limits the tax exemption period to a maximum of 10 years
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Permits the legislature to specify eligible property types and establish additional eligibility requirements through general or special law
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Requires voter approval at an election scheduled for November 4, 2025
Legislative Description
Proposing a constitutional amendment to authorize the legislature to provide for a temporary local option exemption from ad valorem taxation by a political subdivision of the total market value of surplus real property a person purchases from a school district.
Taxation
Last Action
Referred to Ways & Means
4/3/2025