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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 total |
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appraised value of the residence homestead of certain disabled |
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veterans. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. The heading to Section 11.131, Tax Code, is |
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amended to read as follows: |
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Sec. 11.131. RESIDENCE HOMESTEAD OF CERTAIN [100 PERCENT OR
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TOTALLY] DISABLED VETERANS [VETERAN]. |
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SECTION 2. Section 11.131(b), Tax Code, is amended to read |
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as follows: |
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(b) A disabled veteran who receives from the United States |
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Department of Veterans Affairs or its successor at least 80 [100] |
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percent disability compensation due to a service-connected |
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disability and a rating of at least 80 [100] percent disabled or of |
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individual unemployability 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 3. The heading to Section 26.1125, Tax Code, is |
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amended to read as follows: |
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Sec. 26.1125. CALCULATION OF TAXES ON RESIDENCE HOMESTEAD |
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OF CERTAIN [100 PERCENT OR TOTALLY] DISABLED VETERANS [VETERAN]. |
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SECTION 4. This Act applies only to ad valorem taxes imposed |
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for a tax year beginning on or after January 1, 2016. |
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SECTION 5. This Act takes effect January 1, 2016, but only |
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if the constitutional amendment proposed by the 84th Legislature, |
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Regular Session, 2015, authorizing the legislature to exempt all or |
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part of the residence homesteads of certain disabled veterans from |
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ad valorem taxation is approved by the voters. If that amendment is |
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not approved by the voters, this Act has no effect. |