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