Proposing a constitutional amendment authorizing the legislature to exempt from ad valorem taxation a percentage of the assessed value of property owned by certain disabled veterans.
Impact
Should HJR25 be enacted, it would amend Article VIII of the Texas Constitution, thereby allowing the legislature to establish laws that exempt the specified percentage of property value from being taxed. This change would benefit not only disabled veterans but also their surviving spouses and minor children, offering them critical financial support. Furthermore, it could lessen the overall tax burden on these families, promoting better living conditions and financial stability.
Summary
HJR25 is a joint resolution proposing a constitutional amendment that would enable the Texas legislature to exempt a percentage of the assessed value of property owned by certain disabled veterans from ad valorem taxation. This initiative seeks to provide financial relief to veterans who have been classified as disabled by the United States Department of Veterans Affairs. The bill outlines specific categories of disability ratings that would determine the extent of the tax exemption, varying from 20% for a 10-30% disability rating to a full 100% exemption for those rated at 100%.
Contention
Discussions surrounding the bill may bring to light concerns regarding its potential impact on local government revenue, given that reduced taxation could lead to funding shortfalls in community services. Opponents might argue that tax exemptions for veterans, while noble, should be balanced with the needs of the wider community, including other populations in need. Supporters of the bill, however, emphasize the sacrifice made by disabled veterans and advocate for policies that acknowledge their contributions to society.
Proposing a constitutional amendment authorizing the legislature to exempt from ad valorem taxation a percentage of the assessed value of property owned by certain disabled veterans.
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.
Relating to the exemption from ad valorem taxation of a percentage of the assessed value of a property owned by certain disabled veterans and the amount of the exemption for the surviving spouses and children of certain disabled veterans.
Proposing a constitutional amendment authorizing the legislature to exempt from ad valorem taxation all or part of the market value of the residence homesteads of certain disabled veterans and their surviving spouses.
Proposing a constitutional amendment authorizing the legislature to provide for an exemption from ad valorem taxation of part of the market value of the residence homestead of a partially disabled veteran or the surviving spouse of such a veteran based on the disability rating of the veteran.
Proposing a constitutional amendment authorizing the legislature to provide for an exemption from ad valorem taxation of part of the market value of the residence homestead of a partially disabled veteran or the surviving spouse of such a veteran based on the disability rating of the veteran.
Proposing a constitutional amendment authorizing the legislature to provide for an exemption from ad valorem taxation of part of the market value of the residence homestead of a partially disabled veteran or the surviving spouse of such a veteran based on the disability rating of the veteran.
Proposing a constitutional amendment authorizing the legislature to provide for an exemption from ad valorem taxation of all or part of the market value of the residence homestead of the surviving spouse of a 100 percent or totally disabled veteran regardless of whether the property was the residence homestead of the surviving spouse when the disabled veteran died.
Proposing a constitutional amendment authorizing the legislature to provide for an exemption from ad valorem taxation of all or part of the market value of the residence homesteads of certain disabled first responders and their surviving spouses.