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A BILL TO BE ENTITLED
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AN ACT
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relating to calculation of the ad valorem taxes on the residence |
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homestead of an elderly or disabled person. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 26.112(a), Tax Code, is amended to read |
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as follows: |
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(a) If [Except as provided by Section 26.10(b), if] at any |
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time during a tax year property is owned by an individual who |
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qualifies for an exemption under Section 11.13(c) or (d), the |
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amount of the tax due on the property for the tax year is calculated |
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as if the person qualified for the exemption on January 1 and |
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continued to qualify for the exemption for the remainder of the tax |
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year. |
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SECTION 2. Section 26.10(b), Tax Code, is repealed. |
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SECTION 3. This Act applies only to ad valorem taxes imposed |
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for a tax year that begins on or after the effective date of this |
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Act. |
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SECTION 4. This Act takes effect January 1, 2008. |