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TX HB5217
Bill
Status
3/14/2025
Primary Sponsor
Vincent Perez
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AI Summary
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Expands state aid eligibility to local governments affected by property tax exemptions granted to surviving spouses of armed services members killed or fatally injured in the line of duty, in addition to existing coverage for disabled veteran exemptions
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Renames "disabled veteran assistance payment" to "military exemption assistance payment" to reflect the broader scope of covered exemptions under Tax Code Sections 11.131 and 11.133
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Local governments qualify for state aid when lost tax revenue from these exemptions equals or exceeds 2% of their general fund revenue for the fiscal year
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Extends the application deadline for local governments to request assistance payments from April 1 to May 1 of the first year following the end of the qualifying fiscal year
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Takes effect September 1, 2025, applying to fiscal years ending in the 2025 tax year and beyond
Legislative Description
Relating to the provision of state aid to certain local governments disproportionately affected by the granting of ad valorem tax relief to disabled veterans and surviving spouses of certain armed services members.
Taxation
Last Action
Left pending in committee
5/5/2025