HB4434 - Relating to the treatment for ad valorem tax purposes of the residence homestead of a totally disabled veteran.

  89R16273 DRS-D     By: Turner H.B. No. 4434       A BILL TO BE ENTITLED   AN ACT   relating to the treatment for ad valorem tax purposes of the   residence homestead of a totally disabled veteran.          BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:          SECTION 1.  Sections 11.42(c) and (e), Tax Code, are amended   to read as follows:          (c)  An exemption authorized by Section 11.13(c) or (d),   11.131, 11.132, 11.133, or 11.134 is effective as of January 1 of   the tax year in which the person qualifies for the exemption and   applies to the entire tax year.          (e)  A person who qualifies for an exemption under Section   [ 11.131 or ] 11.35 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(b), Tax Code, is amended to read as   follows:          (b)  If the appraisal roll shows that a residence homestead   exemption under Section 11.13(c) or (d), 11.131, 11.132, 11.133, or   11.134 applicable to a property on January 1 of a year terminated   during the year and if the owner of the property qualifies a   different property for one of those residence homestead exemptions   during the same year, the tax due against the former residence   homestead is calculated by:                (1)  subtracting:                      (A)  the amount of the taxes that otherwise would   be imposed on the former residence homestead for the entire year had   the owner qualified for the residence homestead exemption for the   entire year; from                      (B)  the amount of the taxes that otherwise would   be imposed on the former residence homestead for the entire year had   the owner not qualified for the residence homestead exemption   during the year;                (2)  multiplying the remainder determined under   Subdivision (1) 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; and                (3)  adding the product determined under Subdivision   (2) and the amount described by Subdivision (1)(A).          SECTION 3.  Sections 26.112(a) and (b), Tax Code, are   amended to read as follows:          (a)  Except as provided by Section 26.10(b), if at any time   during a tax year property is owned by an individual who qualifies   for an exemption under Section 11.13(c) or (d), 11.131, 11.133, or   11.134, the amount of the tax due on the property for the tax year is   calculated as if the individual qualified for the exemption on   January 1 and continued to qualify for the exemption for the   remainder of the tax year.          (b)  If an individual qualifies for an exemption under   Section 11.13(c) or (d), 11.131, 11.133, or 11.134 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 was the owner of the property on the date   the tax was paid the amount by which the payment exceeded the tax   due.          SECTION 4.  The following provisions of the Tax Code are   repealed:                (1)  Section 26.10(c); and                (2)  Section 26.1125.          SECTION 5.  This Act applies only to an ad valorem tax year   that begins on or after the effective date of this Act.          SECTION 6.  This Act takes effect January 1, 2026.