By: Leach H.B. No. 4750
A BILL TO BE ENTITLED
AN ACT
relating to increasing the maximum amount of a homestead exemption
granted to disabled veterans
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Title 1, Subtitle C, Chapter 11, Subchapter A,
Sec. 11.22, Tax Code, is amended to read as follows:
Sec. 11.22. DISABLED VETERANS.
(a) A disabled veteran is entitled to an exemption from
taxation of a portion of the assessed value of a property the
veteran owns and designates as provided by Subsection (f) in
accordance with the following schedule:
an exemption of for a disability rating of
up to: at least: but less than: up to: at least: but less than:
up to: at least: but less than:
$5,000 of the 10% 30% $5,000 of the 10% 30%
$5,000 of the 10% 30%
assessed value assessed value
assessed value
7,500 30 50 7,500 30 50
7,500 30 50
10,000 50 70 10,000 50 70
10,000 50 70
12,000 17,000 70 and over 12,000 17,000 70 and over
12,000 17,000 70 and over
(b) A disabled veteran is entitled to an exemption from
taxation of $12,000$17,000 of the assessed value of a property the
veteran owns and designates as provided by Subsection (f) of this
section if the veteran:
(1) is 65 years of age or older and has a disability
rating of at least 10 percent;
(2) is totally blind in one or both eyes; or
(3) has lost the use of one or more limbs.
SECTION 2. This Act takes effect September 1, 2023.
up to: at least: but less than:
$5,000 of the 10% 30%
assessed value
7,500 30 50
10,000 50 70
12,000 17,000 70 and over