Bill Text: TX HB998 | 2025-2026 | 89th Legislature | Introduced
Bill Title: Relating to the authority of an individual, before purchasing real property to be used as the individual's residence homestead, to request from the chief appraiser of the applicable appraisal district a preliminary determination of whether the property would qualify for a disabled veteran exemption if purchased by the individual and used for that purpose.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced) 2024-11-12 - Filed [HB998 Detail]
Download: Texas-2025-HB998-Introduced.html
| By: Toth | H.B. No. 998 | |
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| relating to the authority of an individual, before purchasing real | ||
| property to be used as the individual's residence homestead, to | ||
| request from the chief appraiser of the applicable appraisal | ||
| district a preliminary determination of whether the property would | ||
| qualify for a disabled veteran exemption if purchased by the | ||
| individual and used for that purpose. | ||
| BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
| SECTION 1. Subchapter C, Chapter 11, Tax Code, is amended by | ||
| adding Section 11.4385 to read as follows: | ||
| Sec. 11.4385. APPLICATION FOR EXEMPTION BY 100 PERCENT OR | ||
| TOTALLY DISABLED VETERAN. (a) In this section: | ||
| (1) "Disabled veteran" has the meaning assigned by | ||
| Section 11.22. | ||
| (2) "Mortgage company" has the meaning assigned by | ||
| Section 156.002, Finance Code. | ||
| (3) "Residence homestead" has the meaning assigned by | ||
| Section 11.13. | ||
| (4) "Title insurance company" has the meaning assigned | ||
| by Section 2501.003, Insurance Code. | ||
| (b) To facilitate the financing associated with the | ||
| purchase of real property to be used as the individual's residence | ||
| homestead, a disabled veteran, before purchasing the property, may | ||
| request from the chief appraiser of the appraisal district | ||
| established for the county in which the property is located a | ||
| preliminary determination of whether the property would qualify for | ||
| an exemption under Section 11.131 if purchased by the disabled | ||
| veteran and occupied by the disabled veteran as the disabled | ||
| veteran's primary residence. The request must include the | ||
| information that would be included in an application for an | ||
| exemption for the property under Section 11.131. | ||
| (c) Not later than the 30th day after the date a request is | ||
| submitted under this section, the chief appraiser shall issue a | ||
| written preliminary determination for the property included in the | ||
| request. A preliminary determination does not affect the granting | ||
| of an exemption under Section 11.131. | ||
| (d) A mortgage company or title insurance company that | ||
| receives from a purchaser of real property a written preliminary | ||
| determination issued under this section shall consider the effect | ||
| of the preliminary determination: | ||
| (1) in determining whether to extend credit to the | ||
| purchaser; and | ||
| (2) the amount due from the purchaser at closing. | ||
| SECTION 2. This Act takes effect September 1, 2025. | ||
