Relating to the calculation of ad valorem taxes on the residence homestead of a 100 percent or totally disabled veteran for the tax year in which the veteran qualifies or ceases to qualify for an exemption from taxation of the homestead.
Impact
If enacted, HB 469 will modify how property taxes are assessed for totally disabled veterans by allowing for a prorated calculation of taxes owed based on the number of days the exemption is in effect within the tax year. The intended effect is to alleviate the financial burden on disabled veterans, ensuring they are not overtaxed during periods they are eligible for the exemption. This bill reflects a growing recognition of the sacrifices made by veterans and aims to provide them with fairer treatment under state tax laws.
Summary
House Bill 469 aims to amend the Texas Tax Code regarding the calculation of ad valorem taxes on the residence homestead of 100 percent or totally disabled veterans. The bill seeks to ensure that disabled veterans who qualify for an exemption during a tax year receive that exemption for the relevant part of the year. This adjustment would provide a more equitable tax burden for veterans, reflecting their eligibility status as it changes throughout the year. The bill proposes specific calculations to adjust the property tax for those who newly qualify or cease to qualify for the exemption, aiming to prevent unjust taxation during these transitions.
Contention
Discussions around HB 469 may surface points of contention regarding the implications for local tax revenues and whether such exemptions might disproportionately impact funding for essential local services. Furthermore, while the bill's supporters laud it as a necessary measure to support veterans, there may be concerns from fiscal conservatives about the broader effects on the state's tax system and potentially reduced revenues. It will be essential for legislators to balance the intent of providing assistance to disabled veterans with the financial integrity of local government funding structures.
Identical
Relating to the calculation of ad valorem taxes on the residence homestead of a 100 percent or totally disabled veteran for the tax year in which the veteran qualifies or ceases to qualify for an exemption from taxation of the homestead.
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 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 50 percent of the appraised value of the residence homestead of a person who has received a residence homestead exemption on the property for at least the preceding 10 years.
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 homestead of an unpaid caregiver of an individual who is eligible to receive long-term services and supports under the Medicaid program while the individual is on a waiting list for the services and supports.
Relating to an exemption from ad valorem taxation of the total appraised value of the residence homestead of an unpaid caregiver of an individual who is eligible to receive long-term services and supports under the Medicaid program while the individual is on a waiting list for the services and supports.
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.