Proposes a constitutional amendment to limit ad valorem taxes on residence homesteads for low-income disabled or elderly persons and their surviving.

This bill proposes a constitutional amendment to allow political subdivisions to limit the total amount of ad valorem taxes imposed on the residence homesteads of certain low-income persons who are disabled or elderly and their surviving spouses. The amendment would apply to political subdivisions other than school districts, counties, municipalities, or junior college districts. It would also allow for the transfer of tax limitations under a law authorized by the legislature. The amendment would take effect on January 1, 2027, and the temporary provision would expire on January 1, 2028.

Proposes a constitutional amendment to limit ad valorem taxes on residence homesteads for low-income disabled or elderly persons and their surviving.

This bill proposes a constitutional amendment to allow political subdivisions to limit the total amount of ad valorem taxes imposed on the residence homesteads of certain low-income persons who are disabled or elderly and their surviving spouses. The amendment would apply to political subdivisions other than school districts, counties, municipalities, or junior college districts. It would also allow for the transfer of tax limitations under a law authorized by the legislature. The amendment would take effect on January 1, 2027, and the temporary provision would expire on January 1, 2028.