Bill > SJR64

This Joint Resolution proposes a constitutional amendment that would allow local governments, specifically counties and municipalities, to offer a property tax exemption for real estate used as a child-care facility. Ad valorem taxation refers to taxes based on the assessed value of property, so this resolution would permit local authorities to reduce or eliminate these taxes for properties dedicated to childcare operations. The exemption could apply to all or a portion of the property's appraised value, and local governments could choose to exempt at least 50% of that value. The state legislature would have the authority to define what constitutes a "child-care facility" and set additional criteria for eligibility. This proposed amendment is to be voted on by the public on November 7, 2023.