Bill Text: TX HB4750 | 2023-2024 | 88th Legislature | Introduced

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Bill Title: Relating to increasing the maximum amount of a homestead exemption granted to disabled veterans

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced - Dead) 2023-03-22 - Referred to Ways & Means [HB4750 Detail]

Download: Texas-2023-HB4750-Introduced.html

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By: Leach H.B. No. 4750

A BILL TO BE ENTITLED
AN ACT
relating to increasing the maximum amount of a homestead exemption
granted to disabled veterans
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Title 1, Subtitle C, Chapter 11, Subchapter A,
Sec. 11.22, Tax Code, is amended to read as follows:
Sec. 11.22. DISABLED VETERANS.
(a) A disabled veteran is entitled to an exemption from
taxation of a portion of the assessed value of a property the
veteran owns and designates as provided by Subsection (f) in
accordance with the following schedule:
an exemption of for a disability rating of
up to: at least: but less than:
$5,000 of the 10% 30%
assessed value
7,500 30 50
10,000 50 70
12,000 17,000 70 and over
(b) A disabled veteran is entitled to an exemption from
taxation of $12,000$17,000 of the assessed value of a property the
veteran owns and designates as provided by Subsection (f) of this
section if the veteran:
(1) is 65 years of age or older and has a disability
rating of at least 10 percent;
(2) is totally blind in one or both eyes; or
(3) has lost the use of one or more limbs.
SECTION 2. This Act takes effect September 1, 2023.