Relating to the deadline for filing an application for an exemption from ad valorem taxation of the residence homestead of a 100 percent or totally disabled veteran.
Impact
The implications of SB97 are significant for veterans seeking property tax relief. By allowing a more flexible application process for tax exemptions, the bill aims to support disabled veterans, ensuring they are not penalized for deadlines that might coincide with their service-related challenges. This adjustment is expected to ease financial burdens on qualifying veterans, potentially enabling them to retain their homes more easily amidst escalating living costs.
Summary
Senate Bill 97 is an act relating to extending the deadline for filing applications for homestead exemptions from ad valorem taxation for 100 percent or totally disabled veterans in Texas. The bill modifies Section 11.431 of the Texas Tax Code to allow late applications for exemptions to be accepted and approved if filed within one year after the date when the United States Department of Veterans Affairs approves the veterans' disability application. This change addresses the needs of veterans who might face difficulties meeting the original deadlines due to various challenges they encounter.
Conclusion
Overall, SB97 not only intensifies the provisions for veterans regarding tax exemptions but also underscores the legislative focus on enhancing support systems for those who have sacrificed for their country. As Texas continues to grapple with the needs of its veteran population, this bill signifies a step towards ensuring disabled veterans can navigate the complexities of tax obligations without additional stress.
Contention
While the bill appears beneficial for many veterans, it could lead to discussions about fairness and resource allocation among local tax entities. Some stakeholders may express concerns over how these exemptions affect local government revenues and budgets, given that additional exemptions might limit available funds for schools and infrastructure. Nevertheless, the primary intent is to provide necessary support for those who have served the country, reflecting a broader commitment to veteran welfare.
Relating to the exemption from ad valorem taxation of the total appraised value of the residence homestead of the surviving spouse of a 100 percent or totally disabled veteran.
Relating to the provision of state aid to certain local governments to offset the cost of the exemption from ad valorem taxation of the residence homestead of a 100 percent or totally disabled veteran.
Relating to an exemption from ad valorem taxation of the total appraised value of the residence homesteads of certain elderly persons and their surviving spouses.
Relating to an exemption from ad valorem taxation of the total appraised value of the residence homesteads of certain elderly persons and their surviving spouses.
Relating to an exemption from ad valorem taxation of the total appraised value of the residence homesteads of certain elderly persons and their surviving spouses.
Relating to an exemption from ad valorem taxation of the total appraised value of the residence homesteads of certain elderly persons and their surviving spouses.
Relating to an exemption from ad valorem taxation of the total appraised value of the residence homesteads of certain elderly persons and their surviving spouses.
Proposing a constitutional amendment authorizing the legislature to provide for an exemption from ad valorem taxation of all or part of the market value of the residence homestead of the surviving spouse of a 100 percent or totally disabled veteran regardless of whether the property was the residence homestead of the surviving spouse when the disabled veteran died.
Relating to an exemption from ad valorem taxation of the residence homestead of a Congressional Medal of Honor recipient or the surviving spouse of a Congressional Medal of Honor recipient.
Relating to an exemption from ad valorem taxation of a portion of the appraised value of the residence homesteads of certain elderly persons and their surviving spouses.