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HB469
SUMMARY
Relating to the calculation of ad valorem taxes on the residence homestead of a 100 percent or totally disabled veteran for the tax year in which the veteran qualifies or ceases to qualify for an exemption from taxation of the homestead. Read & Follow the Bill
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Comments from Bill Callegari

This bill makes a small change in the law that makes a big difference for our 100 percent or totally disabled veterans. Even though disabled veterans are allowed a property tax exemption for the home that they own, under current law they may be penalized -- and required to pay property taxes -- if they buy a new home over a year. This bill eliminates that unintended penalty, ensuring that our disabled veterans may use their tax exemption for as long as they own a home in Texas.

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Backmic Update
(Travis County) February 18, 2011, 2:37 pm report abuse
Introduced and referred to committee on House Ways and Means (2/17/11)
 
 
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