Texas House Bill HB992

Texas 2015 - 84th Regular

Caption

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.

Impact

The bill updates Section 11.131 of the Texas Tax Code to clarify the eligibility requirements for the exemption. It stipulates that the exemption is only applicable if the surviving spouse was living in the property at the time of the veteran's death and continues to reside there. This measure is anticipated to have a positive financial impact on the families of disabled veterans in Texas by making housing more affordable for them. However, it also raises questions regarding the fiscal effects on local governments that rely on property tax revenue.

Summary

House Bill 992 addresses the taxation of the residence homestead of the surviving spouse of a 100% disabled veteran. The bill aims to exempt the total appraised value of the property from ad valorem taxation, thereby providing significant financial relief to these families. This legislation acknowledges the sacrifices made by disabled veterans and supports their surviving spouses by easing the tax burden on their primary residence. The bill applies specifically to spouses who have not remarried and ensures that the property remains their residence homestead.

Sentiment

The general sentiment surrounding HB 992 has been overwhelmingly positive. Supporters, including various veterans' organizations and advocacy groups, have praised the bill as a meaningful gesture towards honoring the sacrifices of disabled veterans and supporting their families. There appears to be broad bipartisan support in the legislature for this measure, reflecting a shared commitment to assist those who have served the country. Nonetheless, there are concerns among some local government representatives about potential revenue losses due to the exemption.

Contention

While most discussions regarding HB 992 have focused on its benefits, some points of contention arise from the implications of such exemptions on local property tax bases. Critics argue that the exemptions may lead to reduced funding for essential public services that local governments provide. Despite these concerns, the overarching theme in the discussions has been one of support for veterans' families, with a general consensus on the need to provide them with adequate benefits and support.