TX SB3060

Increases property tax exemptions for disabled veterans by replacing the current schedule with significantly higher fixed dollar amounts based on disability rating

Sets new exemption amounts: $30,000 for 10-29% disability rating (up from $5,000), $40,000 for 30-49% rating (up from $7,500), $50,000 for 50-69% rating (up from $10,000), and $100,000 for 70% or higher rating (up from $12,000)

Applies only to ad valorem taxes imposed for tax years beginning on or after the effective date

Takes effect January 1, 2026, contingent upon voter approval of a related constitutional amendment proposed by the 89th Legislature authorizing increased exemption amounts for disabled veterans