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A BILL TO BE ENTITLED
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AN ACT
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relating to the amount of the exemption from ad valorem taxation of |
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property owned by the surviving spouse or surviving minor children |
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of a member of the armed forces of the United States who dies while |
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on active duty. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 11.22(d), Tax Code, is amended to read as |
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follows: |
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(d) If an individual dies while on active duty as a member of |
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the armed services of the United States: |
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(1) the individual's surviving spouse is entitled to |
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an exemption from taxation of [$5,000 of] the total assessed value |
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of the property the spouse owns and designates as provided by |
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Subsection (f) [of this section]; and |
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(2) each of the individual's surviving children who is |
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younger than 18 years of age and unmarried is entitled to an |
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exemption from taxation of a portion of the assessed value of a |
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property the child owns and designates as provided by Subsection |
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(f) [of this section], the amount of exemption for each eligible |
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child to be computed by dividing the greater of the assessed value |
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of the property or $5,000 by the number of eligible children. |
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SECTION 2. 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 3. This Act takes effect January 1, 2012, but only |
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if the constitutional amendment proposed by the 82nd Legislature, |
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Regular Session, 2011, authorizing the legislature to increase the |
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amount of the exemption from ad valorem taxation of property owned |
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by the surviving spouse or surviving minor children of a member of |
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the armed forces of the United States who dies while on active duty |
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is approved by the voters. If that amendment is not approved by the |
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voters, this Act has no effect. |