Bill > HB382

This bill creates a new property tax exemption for elderly homeowners in Texas, specifically for individuals who are 72 years of age or older and have received a homestead exemption for at least the preceding 10 years. The bill allows these qualifying individuals to be exempt from taxation on the total appraised value of their residence homestead. Additionally, the bill extends this exemption to the surviving spouse of a person who qualified for the exemption, provided the surviving spouse was at least 55 years old when their spouse died and continues to live in the same property. The legislation modifies various sections of the Texas Tax Code and Education Code to accommodate this new exemption, including adjusting application processes, tax calculation methods, and provisions for state aid to school districts that may lose tax revenue as a result of this exemption. The bill is contingent upon voter approval of a related constitutional amendment and is set to take effect on January 1, 2026, with the new tax exemption applying to taxes imposed beginning with the 2026 tax year.

Budget and Finance

https://capitol.texas.gov/BillLookup/History.aspx?LegSess=89R&Bill=HB382