Relating to an exemption from ad valorem taxation of the total appraised value of the residence homesteads of certain disabled first responders and their surviving spouses.
Impact
If enacted, HB 4090 will amend the Texas Tax Code by adding a new section specifically addressing the tax exemptions for qualified disabled first responders. The legislation also establishes criteria under which surviving spouses can retain tax exemptions on their homes provided they have not remarried since the death of the qualifying disabled first responder. This change in law is expected to enhance the economic stability and housing security for those families affected by the loss of a service member or who need ongoing support due to the disabilities incurred in service.
Summary
House Bill 4090 proposes an exemption from ad valorem taxation for the total appraised value of the residence homesteads belonging to certain disabled first responders and their surviving spouses. The bill defines a qualifying disabled first responder as someone who has a total and permanent disability due to an injury sustained in the line of duty. Such exemptions aim to provide financial relief to disabled first responders and their families by alleviating the burden of property taxes on their primary residences.
Contention
However, there are notable points of contention regarding the bill. Critics may argue that such legislation could result in significant revenue losses for local governments that rely on property taxes to fund essential services. Moreover, concerns regarding the documentation required for qualification might pose additional barriers for applicants. There is also a stipulation that limits exemptions for disabilities arising from certain health conditions unless specific criteria are met, which may raise questions about fairness and accessibility of the benefits provided by this bill.
Enabling for
Proposing a constitutional amendment authorizing the legislature to provide for an exemption from ad valorem taxation of all or part of the market value of the residence homesteads of certain disabled first responders and their surviving spouses.
Relating to an exemption from ad valorem taxation of the total appraised value of the residence homesteads of certain elderly persons and their surviving spouses.
Relating to an exemption from ad valorem taxation of the total appraised value of the residence homesteads of certain elderly individuals and their surviving spouses.
Relating to an exemption from ad valorem taxation of the total appraised value of the residence homesteads of certain elderly persons and their surviving spouses.
Proposing a constitutional amendment authorizing the legislature to provide for an exemption from ad valorem taxation of all or part of the market value of the residence homesteads of certain disabled first responders and their surviving spouses.
Relating to the exemption from ad valorem taxation of part of the appraised value of the residence homestead of a partially disabled veteran or the surviving spouse of such a veteran based on the disability rating of the veteran.
Relating to the exemption from ad valorem taxation of part of the appraised value of the residence homestead of a partially disabled veteran or the surviving spouse of such a veteran based on the disability rating of the veteran.
Relating to the exemption from ad valorem taxation of part of the appraised value of the residence homestead of a partially disabled veteran or the surviving spouse of such a veteran based on the disability rating of the veteran.
Proposing a constitutional amendment to exempt from ad valorem taxation the total market value of the residence homesteads of certain elderly persons and their surviving spouses.
Relating to the authority of a taxing unit other than a school district, county, municipality, or junior college district to establish a limitation on the amount of ad valorem taxes that the taxing unit may impose on the residence homesteads of certain low-income individuals who are disabled or elderly and their surviving spouses.
Relating to providing for a reduction of the appraised value of a residence homestead for ad valorem tax purposes for the first tax year in which the owner qualifies the property for a residence homestead exemption based on the amount by which the limitation on increases in the appraised value of a residence homestead reduced the appraised value of the owner's former residence homestead for the last tax year in which the owner qualified the former residence homestead for a residence homestead exemption.
Establishes pilot program in Division of Taxation to provide income tax credits for the opening of certain homesteads to hunting activities in areas with high number of wildlife incidents.