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TX SB1126
Bill
Status
2/6/2025
Primary Sponsor
Mayes Middleton
Click for details
AI Summary
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Disabled veterans with VA disability ratings between 10% and 99% would receive a property tax exemption on their residence homestead equal to their disability rating percentage (e.g., a 50% disabled veteran would be exempt from taxes on 50% of their home's appraised value)
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Surviving spouses of qualifying disabled veterans may continue to receive the same percentage exemption on the same property, provided they have not remarried and the property remains their residence homestead
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Surviving spouses who move to a different residence homestead may transfer the exemption as a fixed dollar amount equal to what they received in the last year at their former home
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The exemption takes effect January 1, 2026, contingent upon voter approval of a related constitutional amendment proposed by the 89th Legislature
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Local governments may include revenue lost from this new exemption (Section 11.136) when calculating lost ad valorem tax revenue for state reimbursement purposes under existing programs for disabled veteran exemptions
Legislative Description
Relating to the exemption from ad valorem taxation of part of the appraised 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.
Property Interests
Last Action
Referred to Local Government
2/24/2025