By: Lozano H.B. No. 767
A BILL TO BE ENTITLED
AN ACT
relating to an exemption from ad valorem taxation of the residence
homesteads of certain totally disabled veterans.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 11.13, Tax Code, is amended by adding
Subsection (s) to read as follows:
(s) In this subsection, "disabled veteran" has the meaning
assigned by Section 11.22. A disabled veteran who is classified as
having a service-connected disability with a disability rating of
100 percent or of totally disabled is entitled to an exemption from
taxation of the total appraised value of the veteran's residence
homestead.
SECTION 2. Section 403.302, Government Code, is amended by
adding Subsection (d-1) to read as follows:
(d-1) For purposes of Subsection (d), a residence homestead
that receives an exemption under Section 11.13(s), Tax Code, in the
year that is the subject of the study is not considered to be
taxable property.
SECTION 3. This Act applies only to ad valorem taxes imposed
for a tax year beginning on or after the effective date of this Act.
SECTION 4. This Act takes effect January 1, 2012.