Bill Text: TX HB2043 | 2015-2016 | 84th Legislature | Introduced
Bill Title: Relating to a local option exemption from ad valorem taxation of a portion of the appraised value of real property of a business that employs honorably discharged veterans.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced - Dead) 2015-03-13 - Referred to Ways & Means [HB2043 Detail]
Download: Texas-2015-HB2043-Introduced.html
| 84R8097 CJC-D | ||
| By: Sheets | H.B. No. 2043 | |
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| relating to a local option exemption from ad valorem taxation of a | ||
| portion of the appraised value of real property of a business that | ||
| employs honorably discharged veterans. | ||
| BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
| SECTION 1. Subchapter B, Chapter 11, Tax Code, is amended by | ||
| adding Section 11.37 to read as follows: | ||
| Sec. 11.37. CERTAIN BUSINESSES EMPLOYING VETERANS. (a) In | ||
| this section: | ||
| (1) "Qualifying business" means a business located in | ||
| this state that on or after January 1, 2016: | ||
| (A) hires at least one veteran; and | ||
| (B) provides full-time employment to that | ||
| veteran for a period of at least 12 consecutive months. | ||
| (2) "Veteran" means an individual who: | ||
| (A) has served on active duty in the armed forces | ||
| of the United States; and | ||
| (B) was honorably discharged from military | ||
| service. | ||
| (b) Subject to Subsection (d), a person is entitled to an | ||
| exemption from taxation of a portion, expressed as a dollar amount, | ||
| of the appraised value of real property the person owns that is | ||
| reasonably necessary for and used by the person in the operation of | ||
| a qualifying business if the exemption is adopted by: | ||
| (1) the governing body of the taxing unit; or | ||
| (2) a favorable vote of the majority of the qualified | ||
| voters of the taxing unit at an election called by the governing | ||
| body. | ||
| (c) The governing body of a taxing unit shall call an | ||
| election under Subsection (b)(2) on the petition of at least 20 | ||
| percent of the number of qualified voters who voted in the preceding | ||
| election of the taxing unit. | ||
| (d) The amount of the exemption adopted as provided by | ||
| Subsection (b) may not exceed $15,000 of the appraised value of the | ||
| property for each veteran employed by the qualifying business. | ||
| (e) The chief appraiser may require a person seeking an | ||
| exemption under this section to present additional information | ||
| establishing eligibility for the exemption. | ||
| (f) The governing body of the taxing unit may repeal the | ||
| exemption in the manner provided by law for official action by the | ||
| commissioners court. | ||
| SECTION 2. This Act applies only to ad valorem taxes imposed | ||
| for a tax year that begins on or after the effective date of this | ||
| Act. | ||
| SECTION 3. This Act takes effect January 1, 2016, but only | ||
| if the constitutional amendment proposed by the 84th Legislature, | ||
| Regular Session, 2015, authorizing the governing body of a | ||
| political subdivision to adopt a local option exemption from ad | ||
| valorem taxation of a portion, expressed as a dollar amount, of the | ||
| market value of real property of a business that employs honorably | ||
| discharged veterans is approved by the voters. If that amendment is | ||
| not approved by the voters, this Act has no effect. | ||
