Proposing a constitutional amendment authorizing the legislature to exempt a percentage of the market value of the residence homesteads of certain partially disabled veterans from ad valorem taxation.
Impact
The impact of HJR59, if passed, would be a notable shift in state law regarding property tax exemptions specifically for veterans. The addition of such exemptions could alleviate the financial burdens faced by many veterans, allowing them to maintain their homes despite potential economic challenges. This reflects a growing recognition of the sacrifices made by veterans and aims to ensure that they receive appropriate support from the state. However, discussions surrounding the potential loss of tax revenue for local governments may arise as a concern, as such exemptions could decrease the funds available for community services that rely on property tax income.
Summary
HJR59 proposes a constitutional amendment that authorizes the Texas legislature to exempt a percentage of the market value of residence homesteads owned by certain partially disabled veterans from ad valorem taxation. This initiative aims to provide tax relief specifically targeted towards veterans who do not have a full 100 percent disability rating but still encounter challenges in their daily lives due to their service-related disabilities. The proposed change would allow the legislature to define the percentage eligible for exemption based on the veteran's disability rating, along with establishing additional eligibility requirements as necessary.
Contention
While there is significant support for measures that assist veterans, HJR59 could generate contention among lawmakers and stakeholders regarding the implications of creating a tiered system of property tax exemptions based on disability ratings. Some may argue that this could lead to complexities in the tax code and may require careful consideration to ensure that it provides equitable support. Additionally, the potential for reduced tax revenue may prompt discussions about how municipalities will compensate for any losses incurred as a result of the implemented exemptions. Lawmakers must balance providing necessary support for veterans with the implications for local funding and services.
Proposing a constitutional amendment authorizing the legislature to increase the amount of the exemption from ad valorem taxation by a school district of the market value of the residence homestead of a person who is elderly or disabled.
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.
Proposing a constitutional amendment to exempt from ad valorem taxation the total market value of the residence homesteads of certain elderly persons and their surviving spouses.
Proposing a constitutional amendment to exempt from ad valorem taxation a portion of the market value of the residence homesteads of certain elderly persons and their surviving spouses.
Proposing a constitutional amendment to exempt from ad valorem taxation the total market value of the residence homesteads of certain elderly persons and their surviving spouses.
Proposing a constitutional amendment to exempt from ad valorem taxation the total market value of the residence homesteads of certain elderly persons and their surviving spouses.
Proposing a constitutional amendment to exempt from ad valorem taxation the total market value of the residence homesteads of certain elderly persons and their surviving spouses.
Proposing a constitutional amendment to exempt from ad valorem taxation the total market value of the residence homesteads of certain elderly persons and their surviving spouses.
Proposing a constitutional amendment providing for an exemption from ad valorem taxation for public school purposes of a dollar amount or a percentage, whichever is greater, of the market value of a residence homestead and providing for an adjustment of the limitation on the total amount of ad valorem taxes that may be imposed for those purposes on the homestead of a person who is elderly or disabled to reflect increases in the exemption amount.
Proposing a constitutional amendment providing for an exemption from ad valorem taxation for public school purposes of a dollar amount or a percentage, whichever is greater, of the market value of a residence homestead and providing for an adjustment of the limitation on the total amount of ad valorem taxes that may be imposed for those purposes on the homestead of a person who is elderly or disabled to reflect increases in the exemption amount.