78R745 SMH-D
By: Bonnen H.B. No. 2547
A BILL TO BE ENTITLED
AN ACT
relating to the calculation of the ad valorem taxes due on the
residence homestead of an elderly person.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 11.42, Tax Code, is amended by adding
Subsection (c-1) to read as follows:
(c-1) A person who receives a residence homestead exemption
authorized by Section 11.13(c) or (d) for an individual 65 years of
age or older for a tax year and who subsequently establishes a
different residence homestead during the same tax year may not
qualify for an exemption authorized by Section 11.13(c) or (d) for
an individual 65 years of age or older on the subsequent residence
homestead before January 1 of the following tax year.
SECTION 2. Section 26.112(a), Tax Code, is amended to read
as follows:
(a) If [Except as provided by Section 26.10(b), if] at any
time during a tax year property is owned by an individual who
qualifies for an exemption under Section 11.13(c) or (d) for an
individual 65 years of age or older, the amount of the tax due on the
property for the tax year is calculated as if the person qualified
for the exemption on January 1 and continued to qualify for the
exemption for the remainder of the tax year.
SECTION 3. Section 26.10(b), Tax Code, is repealed.
SECTION 4. This Act takes effect January 1, 2004, and
applies only to ad valorem taxes imposed for a tax year beginning on
or after that date.