By: Bell, et al. (Senate Sponsor - Creighton) H.B. No. 150
         (In the Senate - Received from the House May 9, 2017;
  May 9, 2017, read first time and referred to Committee on Veteran
  Affairs & Border Security; May 18, 2017, reported favorably by the
  following vote:  Yeas 7, Nays 0; May 18, 2017, sent to printer.)
Click here to see the committee vote
 
 
A BILL TO BE ENTITLED
 
AN ACT
 
  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 a partially disabled veteran if
  the residence homestead was donated to the disabled veteran by a
  charitable organization for less than the market value of the
  residence homestead.
         BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
         SECTION 1.  Section 11.132(b), Tax Code, is amended to read
  as follows:
         (b)  A disabled veteran who has a disability rating of less
  than 100 percent is entitled to an exemption from taxation of a
  percentage of the appraised value of the disabled veteran's
  residence homestead equal to the disabled veteran's disability
  rating if the residence homestead was donated to the disabled
  veteran by a charitable organization:
               (1)  at no cost to the disabled veteran; or
               (2)  at some cost to the disabled veteran in the form of
  a cash payment, a mortgage, or both in an aggregate amount that is
  not more than 50 percent of the good faith estimate of the market
  value of the residence homestead made by the charitable
  organization as of the date the donation is made.
         SECTION 2.  This Act applies only to ad valorem taxes imposed
  for an ad valorem tax year that begins on or after the effective
  date of this Act.
         SECTION 3.  This Act takes effect January 1, 2018, but only
  if the constitutional amendment proposed by the 85th Legislature,
  Regular Session, 2017, authorizing the legislature to provide for
  an exemption from ad valorem taxation of part of the market value of
  the residence homestead of a partially disabled veteran or the
  surviving spouse of a partially disabled veteran if the residence
  homestead was donated to the disabled veteran by a charitable
  organization for less than the market value of the residence
  homestead and harmonizing certain related provisions of the Texas
  Constitution is approved by the voters.  If that amendment is not
  approved by the voters, this Act has no effect.
 
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