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A BILL TO BE ENTITLED
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AN ACT
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relating to the calculation of ad valorem taxes on the residence |
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homestead of a 100 percent or totally disabled veteran for the tax |
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year in which the veteran qualifies or ceases to qualify for an |
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exemption from taxation of the homestead. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 11.42, Tax Code, is amended by adding |
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Subsection (e) to read as follows: |
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(e) A person who qualifies for an exemption under Section |
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11.131 after January 1 of a tax year may receive the exemption for |
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the applicable portion of that tax year immediately on |
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qualification for the exemption. |
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SECTION 2. Section 26.10, Tax Code, is amended by adding |
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Subsection (c) to read as follows: |
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(c) If the appraisal roll shows that a residence homestead |
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exemption under Section 11.131 applicable to a property on January |
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1 of a year terminated during the year, the tax due against the |
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residence homestead is calculated by multiplying the amount of the |
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taxes that otherwise would be imposed on the residence homestead |
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for the entire year had the individual not qualified for the |
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exemption under Section 11.131 during the year by a fraction, the |
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denominator of which is 365 and the numerator of which is the number |
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of days that elapsed after the date the exemption terminated. |
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SECTION 3. Chapter 26, Tax Code, is amended by adding |
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Section 26.1125 to read as follows: |
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Sec. 26.1125. CALCULATION OF TAXES ON RESIDENCE HOMESTEAD |
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OF 100 PERCENT OR TOTALLY DISABLED VETERAN. (a) If a person |
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qualifies for an exemption under Section 11.131 after the beginning |
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of a tax year, the amount of the taxes on the residence homestead of |
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the person for the tax year is calculated by multiplying the amount |
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of the taxes that otherwise would be imposed on the residence |
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homestead for the entire year had the person not qualified for the |
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exemption under Section 11.131 by a fraction, the denominator of |
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which is 365 and the numerator of which is the number of days that |
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elapsed before the date the person qualified for the exemption |
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under Section 11.131. |
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(b) If a person qualifies for an exemption under Section |
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11.131 with respect to the property after the amount of the tax due |
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on the property is calculated and the effect of the qualification is |
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to reduce the amount of the tax due on the property, the assessor |
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for each taxing unit shall recalculate the amount of the tax due on |
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the property and correct the tax roll. If the tax bill has been |
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mailed and the tax on the property has not been paid, the assessor |
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shall mail a corrected tax bill to the person in whose name the |
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property is listed on the tax roll or to the person's authorized |
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agent. If the tax on the property has been paid, the tax collector |
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for the taxing unit shall refund to the person who paid the tax the |
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amount by which the payment exceeded the tax due. |
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SECTION 4. This Act applies only to an ad valorem tax year |
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that begins on or after the effective date of this Act. |
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SECTION 5. This Act takes effect January 1, 2012. |