| 1 | 1 | | By: Van de Putte S.B. No. 540 |
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| 2 | 2 | | (Gonzalez) |
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| 3 | 3 | | |
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| 4 | 4 | | |
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| 5 | 5 | | A BILL TO BE ENTITLED |
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| 6 | 6 | | AN ACT |
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| 7 | 7 | | relating to a study of the fiscal impact of adjusting the amount of |
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| 8 | 8 | | the ad valorem tax exemption to which disabled veterans and the |
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| 9 | 9 | | surviving spouses and children of disabled veterans and certain |
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| 10 | 10 | | members of the armed forces are entitled. |
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| 11 | 11 | | BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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| 12 | 12 | | SECTION 1. (a) The comptroller of public accounts shall |
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| 13 | 13 | | study the fiscal impact on this state and local governments that |
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| 14 | 14 | | would have been created during the preceding 10 years by the |
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| 15 | 15 | | adjustment of the maximum amount of the exemption to which a person |
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| 16 | 16 | | is entitled under Section 11.22, Tax Code, to reflect the |
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| 17 | 17 | | percentage change from the preceding tax year in the average market |
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| 18 | 18 | | value of residence homesteads in the appraisal district in which |
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| 19 | 19 | | the property subject to the exemption is located. |
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| 20 | 20 | | (b) At the comptroller of public accounts' request, a state |
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| 21 | 21 | | agency or local government shall provide information and assistance |
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| 22 | 22 | | in conducting the study under this section. |
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| 23 | 23 | | (c) Not later than December 1, 2012, the comptroller of |
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| 24 | 24 | | public accounts shall report the results of the study conducted |
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| 25 | 25 | | under this section to the lieutenant governor, the speaker of the |
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| 26 | 26 | | house of representatives, and the presiding officers of the |
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| 27 | 27 | | standing committees of each house of the legislature with primary |
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| 28 | 28 | | jurisdiction over matters affecting tax revenue and veterans |
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| 29 | 29 | | affairs. |
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| 30 | 30 | | SECTION 2. This Act expires January 1, 2013. |
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| 31 | 31 | | SECTION 3. This Act takes effect immediately if it receives |
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| 32 | 32 | | a vote of two-thirds of all the members elected to each house, as |
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| 33 | 33 | | provided by Section 39, Article III, Texas Constitution. If this |
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| 34 | 34 | | Act does not receive the vote necessary for immediate effect, this |
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| 35 | 35 | | Act takes effect September 1, 2011. |
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