H.B. No. 249 amends the Tax Code to allow for installment payments of ad valorem taxes on residence homesteads for certain individuals in specific counties. The bill specifies that it applies to individuals who are either disabled or at least 65 years old and qualified for an exemption under Section 11.13(c), disabled veterans or their unmarried surviving spouses qualified for exemptions under Sections 11.132 or 11.22, and introduces a new category for individuals qualified for an exemption under Section 11.13 for properties located in counties with populations exceeding 1.5 million, where over 70% of the population resides in a single municipality.

The bill also clarifies that it will only apply to ad valorem taxes imposed for tax years beginning on or after its effective date, which is set for January 1, 2027. The changes include the deletion of the previous condition regarding individuals who are simply disabled or 65 years of age, and the addition of new criteria for eligibility based on population demographics in certain counties.

Statutes affected:
Introduced: Tax Code 31.031 (Tax Code 31)
House Committee Report: Tax Code 31.031 (Tax Code 31)
Engrossed: Tax Code 31.031 (Tax Code 31)