HB0159 Summary

• Amends the disabled veterans homestead exemption under the Property Tax Code, effective for taxable years 2015 and thereafter.

• Veterans with a service-connected disability of 30% or more but less than 50% receive an annual exemption of $2,500.

• Veterans with a service-connected disability of 50% or more but less than 70% receive an annual exemption of $5,000.

• Veterans with a service-connected disability of 70% or more receive complete property tax exemption.

• Exemption amounts are based on disability ratings certified by the United States Department of Veterans Affairs.