Texas House Bill HB4033

Texas 2021 - 87th Regular

Caption

Relating to late applications for exemptions from ad valorem taxation for disabled veterans.

Impact

If HB4033 is enacted, it would have a significant impact on state tax laws regarding property tax exemptions for disabled veterans. By permitting late applications, the bill would provide more flexibility and support to disabled veterans, allowing them greater assurance that they will receive their entitled exemptions, even if they miss the initial filing deadline. This could potentially increase the number of disabled veterans benefiting from property tax relief, aiding them financially.

Summary

House Bill 4033 aims to amend the Texas Tax Code by allowing late applications for ad valorem tax exemptions specifically for disabled veterans. The bill proposes that the chief appraiser can accept applications for these exemptions, including those related to residence homestead exemptions, up to five years past the initial application deadline, provided the application is submitted no later than two years after the tax delinquency date. This change intends to ease the process for disabled veterans who may miss the deadline due to various circumstances.

Contention

Discussions around HB4033 highlight tensions regarding the timely administration of tax exemptions versus the need to accommodate veterans potentially affected by unforeseen hardships. Proponents argue that the bill rectifies a critical gap in support for disabled veterans, ensuring they are not penalized for missing deadlines. However, some policymakers could raise concerns about the implications for tax revenue and the administrative burden on appraisers in managing these late applications, leading to potential debates regarding fairness to other taxpayers.