Bill > HB2032

This bill introduces a new property tax exemption for partially disabled veterans and their surviving spouses in Texas. Specifically, veterans with a disability rating between 10% and 100% would be eligible for a property tax exemption equal to their disability percentage on their residence homestead. For surviving spouses, the exemption would be maintained if they have not remarried and continue to live in the same home or a subsequent residence homestead. The bill allows surviving spouses to transfer the dollar amount of their original exemption to a new property if they choose to move. The tax exemption would be effective as of January 1 of the tax year in which the veteran or surviving spouse qualifies, and would apply to the entire tax year. The bill also makes technical amendments to various sections of the Tax Code to incorporate this new exemption, including provisions for application deadlines, tax calculations, and reporting requirements. Importantly, the bill's implementation is contingent on voters approving a corresponding constitutional amendment, and if approved, would take effect on January 1, 2026.