SB3060 - Relating to the amount of the exemption from ad valorem taxation to which certain disabled veterans are entitled.

  89R22013 JBD-D     By: Hagenbuch S.B. No. 3060       A BILL TO BE ENTITLED   AN ACT   relating to the amount of the exemption from ad valorem taxation to   which certain disabled veterans are entitled.          BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:          SECTION 1.  Section 11.22(a), Tax Code, is amended to read as   follows:          (a)  A disabled veteran is entitled to an exemption from   taxation of the following applicable [ a ] portion of the assessed   value of a property the veteran owns and designates as provided by   Subsection (f) [ in accordance with the following schedule ]:                 (1)     $30,000 for a veteran having a disability rating   of at least 10 percent but less than 30 percent;                 (2)     $40,000 for a veteran having a disability rating   of at least 30 percent but less than 50 percent;                 (3)     $50,000 for a veteran having a disability rating   of at least 50 percent but less than 70 percent; or                 (4)     $100,000 for a veteran having a disability rating   of 70 percent or more.   [ an exemption of for a disability rating of   up to: at least: but less than:     $5,000 of the 10% 30%     assessed value     7,500 30 50     10,000 50 70     12,000 70 and over ]              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, 2026, but only   if the constitutional amendment proposed by the 89th Legislature,   Regular Session, 2025, authorizing the legislature to increase the   amount of the exemption from ad valorem taxation of property owned   by certain disabled veterans is approved by the voters. If that   amendment is not approved by the voters, this Act has no effect.