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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 of public accounts shall |
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study the fiscal impact on this state and local governments that |
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would have been created during the preceding 10 years by the |
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adjustment of the maximum amount of the exemption to which a person |
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is entitled under Section 11.22, Tax Code, to reflect the |
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percentage change from the preceding tax year in the average market |
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value of residence homesteads in the appraisal district in which |
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the property subject to the exemption is located. |
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(b) At the comptroller of public accounts' request, a state |
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agency or local government shall provide information and assistance |
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in conducting the study under this section. |
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(c) Not later than December 1, 2012, the comptroller of |
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public accounts shall report the results of the study conducted |
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under this section to the lieutenant governor, the speaker of the |
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house of representatives, and the presiding officers of the |
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standing committees of each house of the legislature with primary |
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jurisdiction over matters affecting tax revenue and veterans |
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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. |
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