Petition for Writ of Mandamus - Filed - Supreme Court of Texas

(f) The occupation tax levied by any county, city or town for any year on persons or
corporations pursuing any profession or business, shall not exceed one half of the tax levied by
the State for the same period on such profession or business.
(g) The Legislature may exempt from ad valorem taxation tangible personal property
that is held or used for the production of income and has a taxable value of less than the
minimum amount sufficient to recover the costs of the administration of the taxes on the
property, as determined by or under the general law granting the exemption.
(h) The Legislature may exempt from ad valorem taxation a mineral interest that has a
taxable value of less than the minimum amount sufficient to recover the costs of the
administration of the taxes on the interest, as determined by or under the general law granting the
exemption.
(i) Notwithstanding Subsections (a) and (b) of this section, the Legislature by general
law may limit the maximum appraised value of a residence homestead for ad valorem tax
purposes in a tax year to the lesser of the most recent market value of the residence homestead as
determined by the appraisal entity or 110 percent, or a greater percentage, of the appraised value
of the residence homestead for the preceding tax year. A limitation on appraised values
authorized by this subsection:
(1) takes effect as to a residence homestead on the later of the effective date of
the law imposing the limitation or January 1 of the tax year following the first tax year the owner
qualifies the property for an exemption under Section 1-b of this article; and
(2) expires on January 1 of the first tax year that neither the owner of the
property when the limitation took effect nor the owner's spouse or surviving spouse qualifies for
an exemption under Section 1-b of this article.
(j) The Legislature by general law may provide for the taxation of real property that is
the residence homestead of the property owner solely on the basis of the property's value as a
residence homestead, regardless of whether the residential use of the property by the owner is
considered to be the highest and best use of the property.
(j-1) (Added Nov. 6, 2001; expired Jan. 1, 2004.)
(Amended Nov. 7; 1978, and Nov. 3,.1987; Subsecs. (b) and (f) amended Nov. 7, 1989; Subsec.
(e) amended Aug. 10, 1991; Subsec. (c) amended Nov. 2, 1993; Subsec. (d) amended and (g) and
(h) added Nov. 7, 1995; Subsec. (i) added Nov. 4, 1997; Subsecs. (d) and (e) amended Nov. 2,
1999; Subsec. (d) amended and (j) and (j-1) added Nov. 6, 2001; Subsec. (d) amended, (i-1)
added, and (j) repealed Sept. 13, 2003; Subsecs. (d) and (i) amended Nov. 6, 2007; Subsec. (j)
added Nov. 3, 2009.)