Bill Text: TX HB469 | 2011-2012 | 82nd Legislature | Comm Sub
Bill Title: Relating to the calculation of ad valorem taxes on the residence homestead of a 100 percent or totally disabled veteran for the tax year in which the veteran qualifies or ceases to qualify for an exemption from taxation of the homestead.
Spectrum: Partisan Bill (Republican 15-0)
Status: (Introduced - Dead) 2011-05-04 - Laid on the table subject to call [HB469 Detail]
Download: Texas-2011-HB469-Comm_Sub.html
| 82R16158 JE-F | |||
| By: Callegari, Zerwas, Miller of Erath, | H.B. No. 469 | ||
| Smith of Harris, Fletcher, et al. | |||
| Substitute the following for H.B. No. 469: | |||
| By: Murphy | C.S.H.B. No. 469 | ||
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| relating to the calculation of ad valorem taxes on the residence | ||
| homestead of a 100 percent or totally disabled veteran for the tax | ||
| year in which the veteran qualifies or ceases to qualify for an | ||
| exemption from taxation of the homestead. | ||
| BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
| SECTION 1. Section 11.42, Tax Code, is amended by adding | ||
| Subsection (e) to read as follows: | ||
| (e) A person who qualifies for an exemption under Section | ||
| 11.131 after January 1 of a tax year may receive the exemption for | ||
| the applicable portion of that tax year immediately on | ||
| qualification for the exemption. | ||
| SECTION 2. Section 26.10, Tax Code, is amended by adding | ||
| Subsection (c) to read as follows: | ||
| (c) If the appraisal roll shows that a residence homestead | ||
| exemption under Section 11.131 applicable to a property on January | ||
| 1 of a year terminated during the year, the tax due against the | ||
| residence homestead is calculated by multiplying the amount of the | ||
| taxes that otherwise would be imposed on the residence homestead | ||
| for the entire year had the individual not qualified for the | ||
| exemption under Section 11.131 during the year by a fraction, the | ||
| denominator of which is 365 and the numerator of which is the number | ||
| of days that elapsed after the date the exemption terminated. | ||
| SECTION 3. Chapter 26, Tax Code, is amended by adding | ||
| Section 26.1125 to read as follows: | ||
| Sec. 26.1125. CALCULATION OF TAXES ON RESIDENCE HOMESTEAD | ||
| OF 100 PERCENT OR TOTALLY DISABLED VETERAN. (a) If a person | ||
| qualifies for an exemption under Section 11.131 after the beginning | ||
| of a tax year, the amount of the taxes on the residence homestead of | ||
| the person for the tax year is calculated by multiplying the amount | ||
| of the taxes that otherwise would be imposed on the residence | ||
| homestead for the entire year had the person not qualified for the | ||
| exemption under Section 11.131 by a fraction, the denominator of | ||
| which is 365 and the numerator of which is the number of days that | ||
| elapsed before the date the person qualified for the exemption | ||
| under Section 11.131. | ||
| (b) If a person qualifies for an exemption under Section | ||
| 11.131 with respect to the property after the amount of the tax due | ||
| on the property is calculated and the effect of the qualification is | ||
| to reduce the amount of the tax due on the property, the assessor | ||
| for each taxing unit shall recalculate the amount of the tax due on | ||
| the property and correct the tax roll. If the tax bill has been | ||
| mailed and the tax on the property has not been paid, the assessor | ||
| shall mail a corrected tax bill to the person in whose name the | ||
| property is listed on the tax roll or to the person's authorized | ||
| agent. If the tax on the property has been paid, the tax collector | ||
| for the taxing unit shall refund to the person who paid the tax the | ||
| amount by which the payment exceeded the tax due. | ||
| SECTION 4. This Act applies only to an ad valorem tax year | ||
| that begins on or after the effective date of this Act. | ||
| SECTION 5. This Act takes effect January 1, 2012. | ||
