Bill > HB202

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 this exemption if they have not remarried and remain in the same residence homestead, or can transfer the exemption to a new primary residence while maintaining the same dollar amount of tax relief. The bill also makes related technical amendments to various sections of the Tax Code to incorporate this new exemption, ensuring that the chief appraiser can process these exemptions and that local governments can calculate their lost tax revenue accordingly. The implementation of this bill is contingent upon voters approving a related constitutional amendment, and if approved, the bill would take effect on January 1, 2027, applying to ad valorem taxes for tax years beginning on or after that date.

Budget and Finance

https://capitol.texas.gov/BillLookup/History.aspx?LegSess=892&Bill=HB202