Texas 2025 - 89th Regular

Texas Senate Bill SB467 Compare Versions

Version 1 (Old)

Version 2 (New)

Old	New		Differences
1		-	By: Paxton, Blanco S.B. No. 467
2		-	Zaffirini
	1	+	By: Paxton, Zaffirini S.B. No. 467
	2	+	(In the Senate - Filed November 22, 2024; February 3, 2025,
	3	+	read first time and referred to Committee on Local Government;
	4	+	April 22, 2025, reported adversely, with favorable Committee
	5	+	Substitute by the following vote: Yeas 7, Nays 0; April 22, 2025,
	6	+	sent to printer.)
	7	+	Click here to see the committee vote
	8	+	COMMITTEE SUBSTITUTE FOR S.B. No. 467 By: West
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7	13		A BILL TO BE ENTITLED
8	14		AN ACT
9	15		relating to a temporary exemption from ad valorem taxation of the
10	16		appraised value of an improvement to a residence homestead that is
11	17		completely destroyed by a fire.
12	18		BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
13	19		SECTION 1. Subchapter B, Chapter 11, Tax Code, is amended by
14	20		adding Section 11.351 to read as follows:
15	21		Sec. 11.351. TEMPORARY EXEMPTION FOR IMPROVEMENT TO
16	22		RESIDENCE HOMESTEAD DESTROYED BY FIRE. (a) In this section,
17	23		"residence homestead" has the meaning assigned by Section 11.13.
18	24		(b) A person is entitled to an exemption from taxation by a
19	25		taxing unit of the appraised value of an improvement to the person's
20	26		residence homestead that is completely destroyed by a fire in an
21	27		amount determined under Subsection (c). The person is entitled to
22	28		the exemption only for the tax year in which the fire occurs.
23	29		(c) The amount of the exemption authorized by this section
24	30		for an improvement to a residence homestead completely destroyed by
25	31		a fire in a tax year is calculated by multiplying the appraised
26	32		value of the improvement for that tax year by a fraction, the
27	33		denominator of which is 365 and the numerator of which is the number
28	34		of days remaining in the tax year after the date on which the fire
29	35		occurs.
30	36		(d) A property owner must submit an application for an
31	37		exemption authorized by this section to the chief appraiser of the
32	38		appraisal district in which the improvement that is the subject of
33	39		the application is located not later than the 180th day after the
34	40		date the fire occurs.
35	41		(e) On receipt of an application under Subsection (d), the
36	42		chief appraiser shall determine whether the improvement that is the
37	43		subject of the application was completely destroyed by a fire. In
38	44		determining whether an improvement is completely destroyed by a
39	45		fire, the chief appraiser may rely on information provided by any
40	46		other source the chief appraiser considers appropriate, including a
41	47		county fire marshal or an insurance adjuster.
42	48		(f) If a person qualifies for the exemption authorized by
43	49		this section after the amount of tax due on the property is
44	50		calculated and the effect of the qualification is to reduce the
45	51		amount of the tax due on the property, the assessor for each
46	52		applicable taxing unit shall recalculate the amount of the tax due
47	53		on the property and correct the tax roll. If the tax bill has been
48	54		mailed and the tax on the property has not been paid, the assessor
49	55		shall mail a corrected tax bill to the person in whose name the
50	56		property is listed on the tax roll or to the person's authorized
51	57		agent. If the tax on the property has been paid, the tax collector
52	58		for the taxing unit shall refund to the person who paid the tax the
53	59		amount by which the payment exceeded the tax due.
54	60		(g) The comptroller, in consultation with appraisal
55	61		districts, shall develop guidelines for determining whether an
56	62		improvement is completely destroyed by a fire.
57	63		SECTION 2. Not later than September 1, 2026, the
58	64		comptroller shall develop the guidelines required by Section
59	65		11.351, Tax Code, as added by this Act, and shall distribute those
60	66		guidelines to each appraisal district.
61	67		SECTION 3. The change in law made by this Act applies only
62	68		to an ad valorem tax year that begins on or after the effective date
63	69		of this Act.
64	70		SECTION 4. This Act takes effect January 1, 2026, but only
65	71		if the constitutional amendment proposed by the 89th Legislature,
66	72		Regular Session, 2025, to authorize the legislature to provide for
67	73		a temporary exemption from ad valorem taxation of the appraised
68	74		value of an improvement to a residence homestead that is completely
69	75		destroyed by a fire is approved by the voters. If that amendment is
70	76		not approved by the voters, this Act has no effect.
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