| 1 | 1 | | By: Leach H.B. No. 4750 |
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| 2 | 2 | | |
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| 3 | 3 | | |
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| 4 | 4 | | A BILL TO BE ENTITLED |
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| 5 | 5 | | AN ACT |
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| 6 | 6 | | relating to increasing the maximum amount of a homestead exemption |
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| 7 | 7 | | granted to disabled veterans |
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| 8 | 8 | | BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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| 9 | 9 | | SECTION 1. Title 1, Subtitle C, Chapter 11, Subchapter A, |
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| 10 | 10 | | Sec. 11.22, Tax Code, is amended to read as follows: |
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| 11 | 11 | | Sec. 11.22. DISABLED VETERANS. |
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| 12 | 12 | | (a) A disabled veteran is entitled to an exemption from |
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| 13 | 13 | | taxation of a portion of the assessed value of a property the |
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| 14 | 14 | | veteran owns and designates as provided by Subsection (f) in |
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| 15 | 15 | | accordance with the following schedule: |
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| 16 | 16 | | an exemption of for a disability rating of |
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| 17 | 17 | | up to: at least: but less than: up to: at least: but less than: |
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| 18 | 18 | | up to: at least: but less than: |
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| 19 | 19 | | $5,000 of the 10% 30% $5,000 of the 10% 30% |
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| 20 | 20 | | $5,000 of the 10% 30% |
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| 21 | 21 | | assessed value assessed value |
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| 22 | 22 | | assessed value |
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| 23 | 23 | | 7,500 30 50 7,500 30 50 |
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| 24 | 24 | | 7,500 30 50 |
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| 25 | 25 | | 10,000 50 70 10,000 50 70 |
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| 26 | 26 | | 10,000 50 70 |
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| 27 | 27 | | 12,000 17,000 70 and over 12,000 17,000 70 and over |
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| 28 | 28 | | 12,000 17,000 70 and over |
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| 29 | 29 | | (b) A disabled veteran is entitled to an exemption from |
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| 30 | 30 | | taxation of $12,000$17,000 of the assessed value of a property the |
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| 31 | 31 | | veteran owns and designates as provided by Subsection (f) of this |
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| 32 | 32 | | section if the veteran: |
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| 33 | 33 | | (1) is 65 years of age or older and has a disability |
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| 34 | 34 | | rating of at least 10 percent; |
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| 35 | 35 | | (2) is totally blind in one or both eyes; or |
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| 36 | 36 | | (3) has lost the use of one or more limbs. |
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| 37 | 37 | | SECTION 2. This Act takes effect September 1, 2023. |
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| 38 | 38 | | |
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| 39 | 39 | | up to: at least: but less than: |
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| 40 | 40 | | |
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| 41 | 41 | | $5,000 of the 10% 30% |
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| 42 | 42 | | |
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| 43 | 43 | | assessed value |
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| 44 | 44 | | |
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| 45 | 45 | | 7,500 30 50 |
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| 46 | 46 | | |
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| 47 | 47 | | 10,000 50 70 |
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| 48 | 48 | | |
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| 49 | 49 | | 12,000 17,000 70 and over |
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