Bill > HB201

This bill establishes a new property tax exemption for partially disabled veterans and their surviving spouses in Texas. 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 primary residence. For example, a veteran with a 50% disability rating would receive a 50% exemption on their home's appraised value. Surviving spouses can continue to receive the same exemption their deceased veteran spouse would have qualified for, provided they have not remarried and remain in the same primary residence. If the surviving spouse moves to a different primary residence, they can transfer the dollar amount of the previous exemption to the new property. The bill also makes related technical amendments to various sections of the tax code to incorporate this new exemption, ensuring that these tax benefits can be consistently applied and processed by local tax authorities. The implementation of this bill is contingent upon voters approving a corresponding constitutional amendment, and if passed, it would take effect on January 1, 2027.