LEGISLATIVE BUDGET BOARD
                          Austin, Texas

                           FISCAL NOTE
                       74th Regular Session

                           May 17, 1995



 TO:     Honorable Senator John T. Montford,    IN RE:  House Joint
         Chair                                  Resolution
         Committee on Finance                                  No. 68, as
         Senate                                 engrossed
         Austin, Texas                                  By: Haggerty









FROM: John Keel, Director

In response to your request for a Fiscal Note on House Joint
Resolution No. 68 (Proposing a constitutional amendment to raise
the limits of the exemption from ad valorem taxation of property
owned by disabled veterans or by the surviving spouses and
surviving minor children of disabled veterans.) this office has
determined the following:

The resolution would amend Article VIII, Section 2 (b), Texas
Constitution, by increasing the amounts of the property tax
exemption for disabled veterans, their survivors, and the spouses
and children of persons who die on active military service.

The proposed amount of exemption is as follows:

10 - 30% disabled - $ 5,000
31 - 50% disabled - $ 7,500
51 - 70% disabled - $10,000
71% - Plus               $15,000

Survivor Benefit - $5,000.

The fiscal impact of this resolution's provisions on the State
and units of local government would depend on enabling
legislation.

Currently, it has been estimated by the Comptroller's Property





Tax Division, that local governments, including school districts
lose approximately $6.7 million per year due to the current
disabled veterans' and surviving spouse exemption.
 
The cost to the State for publication of the resolution is
$90,000.


    

    







Source:   LBB Staff: JK, BR, DF
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