Texas HB5217 provides state aid to local governments affected by ad valorem tax relief for disabled veterans and surviving spouses of certain armed.

Texas HB5217 amends the Local Government Code to provide state aid to local governments disproportionately affected by the granting of ad valorem tax relief to disabled veterans and surviving spouses of certain armed services members. The bill defines a "qualified local government" as one entitled to a military exemption assistance payment. It outlines the calculation of lost ad valorem tax revenue and the conditions for receiving the assistance payment. Local governments must apply to the comptroller by a specified deadline to be eligible.

Texas HB5217 provides state aid to local governments affected by ad valorem tax relief for disabled veterans and surviving spouses of certain armed.

Texas HB5217 amends the Local Government Code to provide state aid to local governments disproportionately affected by the granting of ad valorem tax relief to disabled veterans and surviving spouses of certain armed services members. The bill defines a "qualified local government" as one entitled to a military exemption assistance payment. It outlines the calculation of lost ad valorem tax revenue and the conditions for receiving the assistance payment. Local governments must apply to the comptroller by a specified deadline to be eligible.