House Bill No. 250 proposes amendments to the Texas Tax Code regarding ad valorem tax exemptions for disabled veterans and their surviving spouses and children. The bill establishes specific percentages of assessed property value that disabled veterans can exempt based on their disability ratings, with new provisions detailing exemptions of 20% for ratings of 10-29%, 40% for 30-49%, 60% for 50-69%, 80% for 70-99%, and 100% for a 100% disability rating. Additionally, it clarifies that veterans with less than a 100% disability rating are entitled to an 80% exemption if they are 65 years or older, totally blind, or have lost the use of limbs.

The bill also addresses the exemptions available to surviving spouses and children of deceased veterans. It stipulates that the surviving spouse is entitled to the dollar amount of the veteran's exemption at the time of death, as long as they remain unmarried. If the spouse does not survive, each eligible child under 18 years old will receive a portion of the exemption based on the number of eligible children. The bill is set to take effect on January 1, 2026, contingent upon the approval of a related constitutional amendment by voters.

Statutes affected:
Introduced: Tax Code 11.22, Tax Code 11.42 (Tax Code 11)