Texas HB4060 proposes a local option exemption from ad valorem taxation for peace officers' residence homesteads.

HB4060 amends the Texas Tax Code to allow taxing units to exempt a percentage of the appraised value of a peace officer's residence homestead from ad valorem taxation. The exemption percentage varies based on the officer's tenure, ranging from 20% for officers employed for 5 to 10 years, to 100% for those employed for 25 years or more. The bill also modifies the definition of "taxable value" to exclude certain exemptions and adjustments. This act is contingent on the approval of a constitutional amendment by voters.

Texas HB4060 proposes a local option exemption from ad valorem taxation for peace officers' residence homesteads.

HB4060 amends the Texas Tax Code to allow taxing units to exempt a percentage of the appraised value of a peace officer's residence homestead from ad valorem taxation. The exemption percentage varies based on the officer's tenure, ranging from 20% for officers employed for 5 to 10 years, to 100% for those employed for 25 years or more. The bill also modifies the definition of "taxable value" to exclude certain exemptions and adjustments. This act is contingent on the approval of a constitutional amendment by voters.