By: Barrientos S.B. No. 1394
A BILL TO BE ENTITLED
AN ACT
1-1 relating to homestead tax exemptions for Texas residents who attain
1-2 the age of 65.
1-3 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
1-4 SECTION 1. Section 11.42, Tax Code, is amended by amending
1-5 Subsection (a) and adding Subsection (c) to read as follows:
1-6 (a) Except as provided by Subsections <Subsection> (b) and
1-7 (c) and by Sections 11.421, 11.422, 11.434, 11.435, and 11.436,
1-8 eligibility for and amount of an exemption authorized by this
1-9 chapter for any tax year are determined by a claimant's
1-10 qualifications on January 1. A person who does not qualify for an
1-11 exemption on January 1 of any year may not receive the exemption
1-12 that year.
1-13 (c) For the purposes of Section 11.13, a person who reaches
1-14 the age of 65 during the tax year qualifies for any exemptions
1-15 allowed for a person who is 65 or older on January 1 of the tax
1-16 year.
1-17 SECTION 2. This Act takes effect January 1, 1996.
1-18 SECTION 3. The importance of this legislation and the
1-19 crowded condition of the calendars in both houses create an
1-20 emergency and an imperative public necessity that the
1-21 constitutional rule requiring bills to be read on three several
1-22 days in each house be suspended, and this rule is hereby suspended.