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A BILL TO BE ENTITLED
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AN ACT
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relating to a study of the fiscal impact of adjusting the amount of |
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the ad valorem tax exemption to which disabled veterans and the |
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surviving spouses and children of disabled veterans and certain |
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members of the armed forces are entitled. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. (a) The comptroller shall study the fiscal |
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impact on this state and local governments that would have been |
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created during the preceding 10 years by the adjustment of the |
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maximum amount of the exemption to which a person is entitled under |
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Section 11.22, Tax Code, to reflect the percentage change from the |
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preceding tax year in the average market value of residence |
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homesteads in the appraisal district in which the property subject |
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to the exemption is located. |
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(b) At the comptroller's request, a state agency or local |
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government shall provide information and assistance in conducting |
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the study under this section. |
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(c) Not later than December 1, 2012, the comptroller shall |
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report the results of the study conducted under this section to the |
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lieutenant governor, the speaker of the house of representatives, |
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and the presiding officers of the standing committees of each house |
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of the legislature with primary jurisdiction over matters affecting |
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tax revenue and veterans affairs. |
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SECTION 2. This Act expires January 1, 2013. |
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SECTION 3. This Act takes effect immediately if it receives |
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a vote of two-thirds of all the members elected to each house, as |
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provided by Section 39, Article III, Texas Constitution. If this |
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Act does not receive the vote necessary for immediate effect, this |
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Act takes effect September 1, 2011. |