1973R01- AMENDED ARTICLE VIII SECTION 1-B
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RESOLUTION =#= J;':3 - R - /
WHEREAS, Article VIII, Saetiaa l-B, ef t~e Texas Ceastitutiea has beaa
ameaded ta read as fellews:
"SeeUea I-B. (A) ~rea t~ausaad daUus ($3,090.00) ef the
assessed taxable value af all resideaee
Hamesteads as aew dafiaed by law saall be
exempt frem all taxatiea fer all state
purpeses.
(B) Frs. aad after Jaauary I, 1913, tRe
geveraiag bedy af aay Ceuaty, City, Tewa,
Sehael District, er ether Palitieal Sub-
divisiaa af the State may exempt by its ewa
actie. aet less taaa three theusaad ($3,000.00)
af the assessed value af resideace Hamesteads
af per seas sixty-five (65) years ef age
ar elder frem all ad-valerem taxes thereafter
levied by tRe PeliUeal Subdivisiaa; aad"
WHEREAS, "aay ad-valerem tax t~at has theretefere bee. pledged fer the
paymeat ef aay debt, the taxiag effieer af the pelitical Subdivisiea shall have
autaerity te eeatiaue te levy aad eelleet the tax agaiast tRe Hemestead preperty
at the same rate as the tax se pledged uDtil tRe debt is discharged, if the
cessatiea ef the lavy weuld impair the ebligatiea ef the eaatraet by which the debt
was created;" aad
WHEREAS, the City af Schertz reeegaizes the appareat burdens af its seaier
eitizea preperty ewners, due te preseat liviag expenses; aad
WHEREAS, the Legislature ef the State af Texas has pravided far ameadmeat
ef Article VIII, Seetie. I-B, af the Texas Ceastitutiea; and
WHEREAS, the City ef Schertz has feund it desirable ta adept said
ameadmeat;
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL, CITY OF SCHERTZ, TEXAS,
that:
The pravisiens ef ameadmeat 6 ta Article VIII, Saetiea I-B,
ef the Texas Ceastitutie. be accepted, with the Hamestead exemptie.
fer praperty ewaers sixty-five years (65) ef age aad elder ta be
exactly three thausa.d dellars ($3,000.00).
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PASSED AND APPROVED THIS
ATTEST:
~ 21 k.am,/
TY SECRETARY
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" DAY OF /)J:;rVu'lv ,1973.
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MAYOR
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