Texas HB4321 amends the Tax Code to provide ad valorem tax exemptions for disabled veterans and their surviving family members.

HB4321 amends the Texas Tax Code to offer ad valorem tax exemptions for disabled veterans based on their disability rating. The exemption ranges from 20% to 100% of the assessed value of their property. Surviving spouses and children of disabled veterans are also entitled to tax exemptions, contingent on the veteran's exemption amount at the time of their death. The Act is contingent on the approval of a related constitutional amendment by voters, with an effective date of January 1, 2026, if approved.

Texas HB4321 amends the Tax Code to provide ad valorem tax exemptions for disabled veterans and their surviving family members.

HB4321 amends the Texas Tax Code to offer ad valorem tax exemptions for disabled veterans based on their disability rating. The exemption ranges from 20% to 100% of the assessed value of their property. Surviving spouses and children of disabled veterans are also entitled to tax exemptions, contingent on the veteran's exemption amount at the time of their death. The Act is contingent on the approval of a related constitutional amendment by voters, with an effective date of January 1, 2026, if approved.