HB3886 - Relating to the authority of certain persons who qualify for a residence homestead exemption from ad valorem taxation during a tax year to receive the exemption in that year.

  89R1864 TJB-D     By: Flores H.B. No. 3886       A BILL TO BE ENTITLED   AN ACT   relating to the authority of certain persons who qualify for a   residence homestead exemption from ad valorem taxation during a tax   year to receive the exemption in that year.          BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:          SECTION 1.  Section 11.42, Tax Code, is amended by amending   Subsection (c) and adding Subsection (e-1) to read as follows:          (c)  An exemption authorized by Section 11.13(c) or (d),   11.132, 11.133, or 11.134 is effective as of January 1 of the tax   year in which the person qualifies for the exemption and applies to   the entire tax year , regardless of whether the property subject to   the exemption:                 (1)  was developed as of January 1 of that tax year;                 (2)     was subdivided after January 1 of that tax year but   before the person qualified for the exemption;                 (3)     had a physical address on January 1 of that tax   year; or                 (4)     was identified in the appraisal district's records   as a separate property with its own unique account number on January   1 of that tax year .           (e-1)     Subsection (e) applies to a person who qualifies for   an exemption under Section 11.131 after January 1 of a tax year   regardless of whether the property subject to the exemption:                 (1)  was developed as of January 1 of that tax year;                 (2)     was subdivided after January 1 of that tax year but   before the person qualified for the exemption;                 (3)     had a physical address on January 1 of that tax   year; or                 (4)     was identified in the appraisal district's records   as a separate property with its own unique account number on January   1 of that tax year.          SECTION 2.  This Act applies only to an ad valorem tax year   that begins on or after the effective date of this Act.          SECTION 3.  This Act takes effect immediately if it receives   a vote of two-thirds of all the members elected to each house, as   provided by Section 39, Article III, Texas Constitution.  If this   Act does not receive the vote necessary for immediate effect, this   Act takes effect September 1, 2025.