SB 1126

Relating to the exemption from ad valorem taxation of part of the appraised value of the residence homestead of a partially disabled veteran or the surviving spouse of such a veteran based on the disability rating of the veteran.

Principle Criteria

Free Enterprise

Property Rights

Personal Responsibility

Limited Government

Individual Liberty

Digest

SB 1126 introduces an ad valorem tax exemption for the residence homestead of partially disabled veterans and their surviving spouses based on the veteran's disability rating. The exemption applies to a percentage of the appraised property value corresponding to the veteran's disability percentage. The bill also outlines provisions for surviving spouses to retain the exemption if they do not remarry and remain in the same home.

Author

Mayes Middleton

Co-Author

Brent Hagenbuch

Contact the Author

Sen. Mayes Middleton

Capitol Phone:

(512) 463-0111

Capitol Office:

EXT E1.706

E-Mail:

[email protected]

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