Texas SB899 provides state aid to local governments affected by property tax relief for disabled veterans and surviving spouses of armed services.

Texas SB899 amends the Local Government Code to provide state aid to local governments disproportionately affected by ad valorem tax relief granted to disabled veterans and surviving spouses of armed services members. A local government qualifies if lost tax revenue equals or exceeds two percent of its general fund revenue. Qualified local governments can apply for a military exemption assistance payment, calculated based on lost tax revenue. The comptroller reviews applications and remits payments within 30 days if approved.

Texas SB899 provides state aid to local governments affected by property tax relief for disabled veterans and surviving spouses of armed services.

Texas SB899 amends the Local Government Code to provide state aid to local governments disproportionately affected by ad valorem tax relief granted to disabled veterans and surviving spouses of armed services members. A local government qualifies if lost tax revenue equals or exceeds two percent of its general fund revenue. Qualified local governments can apply for a military exemption assistance payment, calculated based on lost tax revenue. The comptroller reviews applications and remits payments within 30 days if approved.