Exemption from ad valorem taxation for elderly persons and their surviving spouses in Texas.

This bill amends the Texas Tax Code to provide an exemption from ad valorem taxation for the residence homesteads of certain elderly persons and their surviving spouses. Specifically, it allows an exemption for individuals who are 72 years of age or older and have received an exemption for at least the preceding 10 years. It also provides an exemption for the surviving spouse of an individual who qualified for the exemption if they were 55 years of age or older when the deceased spouse died.

Exemption from ad valorem taxation for elderly persons and their surviving spouses in Texas.

This bill amends the Texas Tax Code to provide an exemption from ad valorem taxation for the residence homesteads of certain elderly persons and their surviving spouses. Specifically, it allows an exemption for individuals who are 72 years of age or older and have received an exemption for at least the preceding 10 years. It also provides an exemption for the surviving spouse of an individual who qualified for the exemption if they were 55 years of age or older when the deceased spouse died.