Texas SB1126 proposes a tax exemption for partially disabled veterans and their surviving spouses based on the veteran's disability rating.
Texas SB1126 amends the Tax Code to provide a tax exemption for the residence homestead of partially disabled veterans and their surviving spouses. Specifically, a disabled veteran with a disability rating of at least 10% but less than 100% is entitled to an exemption from taxation of a percentage of the appraised value of their residence homestead. The surviving spouse of such a veteran is also entitled to a similar exemption if they have not remarried and the property remains their residence homestead.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.