Bill > SB1126

This bill amends the Texas Tax Code to create a new property tax exemption for partially disabled veterans and their surviving spouses. Specifically, disabled veterans with a disability rating between 10% and 100% will be eligible for a property tax exemption equal to their disability percentage on their residence homestead. Surviving spouses can continue to receive the same exemption if they have not remarried, remain in the same home (or subsequently qualify a new residence homestead), and the veteran would have qualified for the exemption at the time of their death. The bill includes provisions for how the exemption will be applied, such as allowing retroactive applications up to five years after the delinquency date, and provides mechanisms for tax calculations and refunds. The bill is contingent on voter approval of a related constitutional amendment and will take effect on January 1, 2026, if that amendment passes. The goal is to provide additional tax relief for veterans with partial disabilities and their surviving spouses, recognizing their service and potential financial challenges.