79R7329 MFC-D

By:  Geren                                                        H.B. No. 2483



A BILL TO BE ENTITLED

AN ACT

relating to an exemption from ad valorem taxation of the residence 
homesteads of certain totally disabled veterans.
	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:                        
	SECTION 1.  Section 11.13, Tax Code, is amended by adding 
Subsection (s) to read as follows:
	(s)  A veteran of the armed services of the United States who 
is classified by the United States Department of Veterans Affairs 
or its successor or by the branch of the armed services in which the 
veteran served as permanently and totally disabled as a result of a 
service-connected disability is entitled to an exemption from 
taxation of the veteran's residence homestead.
	SECTION 2.  Section 403.302(d), Government Code, is amended 
to read as follows:
	(d)  For the purposes of this section, "taxable value" means 
the market value of all taxable property less:
		(1)  the total dollar amount of any residence homestead 
exemptions lawfully granted under Section 11.13(b), [or] (c), or 
(s), Tax Code, in the year that is the subject of the study for each 
school district;
		(2)  one-half of the total dollar amount of any 
residence homestead exemptions granted under Section 11.13(n), Tax 
Code, in the year that is the subject of the study for each school 
district;
		(3)  the total dollar amount of any exemptions granted 
before May 31, 1993, within a reinvestment zone under agreements 
authorized by Chapter 312, Tax Code;
		(4)  subject to Subsection (e), the total dollar amount 
of any captured appraised value of property that:
			(A)  is within a reinvestment zone created on or 
before May 31, 1999, or is proposed to be included within the 
boundaries of a reinvestment zone as the boundaries of the zone and 
the proposed portion of tax increment paid into the tax increment 
fund by a school district are described in a written notification 
provided by the municipality or the board of directors of the zone 
to the governing bodies of the other taxing units in the manner 
provided by Section 311.003(e), Tax Code, before May 31, 1999, and 
within the boundaries of the zone as those boundaries existed on 
September 1, 1999, including subsequent improvements to the 
property regardless of when made;
			(B)  generates taxes paid into a tax increment 
fund created under Chapter 311, Tax Code, under a reinvestment zone 
financing plan approved under Section 311.011(d), Tax Code, on or 
before September 1, 1999; and
			(C)  is eligible for tax increment financing under 
Chapter 311, Tax Code;  
		(5)  the total dollar amount of any exemptions granted 
under Section 11.251, Tax Code;
		(6)  the difference between the comptroller's estimate 
of the market value and the productivity value of land that 
qualifies for appraisal on the basis of its productive capacity, 
except that the productivity value estimated by the comptroller may 
not exceed the fair market value of the land;
		(7)  the portion of the appraised value of residence 
homesteads of individuals who receive a tax limitation under 
Section 11.26, Tax Code, on which school district taxes are not 
imposed in the year that is the subject of the study, calculated as 
if the residence homesteads were appraised at the full value 
required by law;
		(8)  a portion of the market value of property not 
otherwise fully taxable by the district at market value because of:
			(A)  action required by statute or the 
constitution of this state that, if the tax rate adopted by the 
district is applied to it, produces an amount equal to the 
difference between the tax that the district would have imposed on 
the property if the property were fully taxable at market value and 
the tax that the district is actually authorized to impose on the 
property, if this subsection does not otherwise require that 
portion to be deducted; or
			(B)  action taken by the district under Subchapter 
B or C, Chapter 313, Tax Code;
		(9)  the market value of all tangible personal 
property, other than manufactured homes, owned by a family or 
individual and not held or used for the production of income;
		(10)  the appraised value of property the collection of 
delinquent taxes on which is deferred under Section 33.06, Tax 
Code;
		(11)  the portion of the appraised value of property 
the collection of delinquent taxes on which is deferred under 
Section 33.065, Tax Code; and
		(12)  the amount by which the market value of a 
residence homestead to which Section 23.23, Tax Code, applies 
exceeds the appraised value of that property as calculated under 
that section.
	SECTION 3.  This Act applies only to ad valorem taxes imposed 
for a tax year beginning on or after the effective date of this Act.
	SECTION 4.  This Act takes effect January 1, 2006, but only 
if the constitutional amendment proposed by the 79th Legislature, 
Regular Session, 2005, authorizing the legislature to exempt the 
residence homesteads of certain totally disabled veterans from ad 
valorem taxation is approved by the voters.  If that amendment is 
not approved by the voters, this Act has no effect.