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Chapter 597 S.B. No. 201 1 AN ACT 2 relating to the calculation of ad valorem taxes on the residence 3 homestead of a 100 percent or totally disabled veteran for the tax 4 year in which the veteran qualifies or ceases to qualify for an 5 exemption from taxation of the homestead. 6 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: 7 SECTION 1i. Section 11.42, Tax Code, is amended by adding 8 Subsection (e) to read as follows: 9 (e) A person who qualifies for an exemption under Section 10 11.131 after January 1 of a tax year may receive the exemption for 11 the applicable portion of that tax year immediately on 12 qualification for the exemption. 13 SECTION 2. Section 26.10, Tax Code, is amended by adding 14 Subsection (c) to read as follows: 15 (c) If the appraisal roll shows that a residence homestead 16 exemption under Section 11.131 applicable to a property on January 17 1 of a year terminated during the year, the tax due against the 18 residence homestead is calculated by multiplying the amount of the 19 taxes that otherwise would be imposed on the residence homestead 20 for the entire year had the individual not qualified for the 21 exemption under Section 11.131 during the year by a fraction, the 22 denominator of which is 365 and the numerator of which is the number 23 of days that elapsed after the date the exemption terminated. 24 SECTION 3. Chapter 26, Tax Code, is amended by adding
Reference the current page of this Legislative Document.
Texas. Legislature. Senate.82nd Texas Legislature, Regular Session, Senate Bill 201, Chapter 597,
legislative document,
June 17, 2011;
[Austin, Texas].
(https://texashistory.unt.edu/ark:/67531/metapth311978/m1/1/:
accessed July 16, 2024),
University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu.;
crediting UNT Libraries Government Documents Department.