Texas House Bill HJR124

Texas 2021 - 87th Regular

Caption

Proposing a constitutional amendment authorizing the legislature to increase the amount of the exemption from ad valorem taxation of property owned by certain disabled veterans and the surviving spouses and children of certain veterans.

Impact

If enacted, HJR124 would directly modify Article VIII of the Texas Constitution, which governs property taxation. The amendment would not only raise the exemption limits but also extend benefits to a broader range of disabled veterans, potentially offering significant financial relief. This change is particularly notable for those with disabilities rated at 10% to 50%, as their existing exemptions would see considerable increases. Surviving spouses and children of veterans who died on active duty would also benefit from enhanced exemptions, signifying a commitment to supporting military families.

Summary

HJR124 proposes a constitutional amendment aimed at increasing the property tax exemption amounts for certain disabled veterans and the surviving spouses and children of veterans. This amendment intends to update the existing provisions that allow for tax exemptions based on disability ratings of veterans, thereby enhancing the financial benefits available to those who have served in the armed forces. The proposed changes would increase the exemption values across various disability ratings, reflecting a stronger support system for veterans and their families.

Contention

Discussions surrounding HJR124 may involve varied perspectives on the implications of increasing tax exemptions for disabled veterans. Supporters argue that such an amendment is a necessary acknowledgment of the sacrifices made by veterans and their families, potentially leading to improved economic stability for these individuals. However, opposition could arise from fiscal conservative factions, who may raise concerns about the impact of increased exemptions on state revenue. Moreover, the effectiveness of such amendments in reducing the tax burden for veterans and their families could also become a point of debate.