Relating to the exemption from ad valorem taxation of the residence homesteads of certain totally disabled veterans.
Impact
If enacted, HB3695 would directly impact the financial burdens faced by disabled veterans in Texas by alleviating property tax obligations. The intent behind the legislation is to honor the service of veterans who have been completely disabled as a result of their military service and to ensure that they have a supportive financial environment as they transition back to civilian life. This exemption supports state efforts to provide benefits to veterans, enhancing their quality of life and encouraging community stability.
Summary
House Bill 3695 proposes an amendment to the Texas Tax Code regarding the exemption from ad valorem taxation for residence homesteads owned by certain totally disabled veterans. The bill specifically targets veterans who have received a 100% disability rating from the United States Department of Veterans Affairs due to a service-connected disability. Under this legislation, these veterans would be entitled to an exemption from taxation for the entire appraised value of their homesteads, thereby providing significant financial relief to this group.
Sentiment
The general sentiment around HB3695 appears to be positive, particularly among veteran advocacy groups and legislators who prioritize veteran affairs. Supporters of the bill have expressed that it is a necessary measure to recognize the sacrifices made by veterans and to assist them in maintaining their homes without the additional burden of property taxes. However, there may also be concerns raised regarding the fiscal implications for local governments that rely on property taxes as a source of funding.
Contention
While HB3695 presents clear benefits to a specific demographic, some members of the public and other stakeholders may voice concerns over the potential impacts on local tax revenues and the equitable distribution of tax burdens across different citizen groups. The amendment could set a precedent for similar exemptions, potentially leading to discussions about fairness in taxation policies and how various exemptions impact public services funded by property taxes.
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 the provision of state aid to certain local governments to offset the cost of the exemption from ad valorem taxation of the residence homestead of a 100 percent or totally disabled veteran.
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.
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.
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.
Relating to an exemption from ad valorem taxation of a portion of the appraised value of the residence homesteads of certain elderly persons and their surviving spouses.
Relating to an exemption from ad valorem taxation by certain taxing units of a portion of the appraised value of the residence homestead of the parent or guardian of a person who is disabled and who resides with the parent or guardian.