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A BILL TO BE ENTITLED
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AN ACT
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relating to an exemption from ad valorem taxation of the residence |
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homesteads of certain totally disabled veterans. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 11.13, Tax Code, is amended by adding |
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Subsection (s) to read as follows: |
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(s) In this subsection, "disabled veteran" has the meaning |
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assigned by Section 11.22. A disabled veteran who is classified as |
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having a service-connected disability with a disability rating of |
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100 percent or of totally disabled is entitled to an exemption from |
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taxation of the total appraised value of the veteran's residence |
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homestead. |
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SECTION 2. Section 403.302, Government Code, is amended by |
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adding Subsection (d-2) to read as follows: |
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(d-2) For purposes of Subsection (d), a residence homestead |
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that receives an exemption under Section 11.13(s), Tax Code, in the |
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year that is the subject of the study is not considered to be |
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taxable property. |
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SECTION 3. This Act applies only to ad valorem taxes imposed |
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for a tax year beginning on or after the effective date of this Act. |
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SECTION 4. This Act takes effect January 1, 2008, but only |
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if the constitutional amendment proposed by the 80th Legislature, |
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Regular Session, 2007, authorizing the legislature to exempt all or |
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part of the residence homesteads of certain totally disabled |
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veterans from ad valorem taxation is approved by the voters. If |
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that amendment is not approved by the voters, this Act has no |
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effect. |