Vote Recommendation | Economic Freedom | Property Rights | Personal Responsibility | Limited Government | Individual Liberty |
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Neutral | Neutral | Neutral | Neutral | Neutral | Neutral |
Relating to eligibility for the exemption from ad valorem taxation of the residence homestead of a totally disabled veteran.
Passage of the bill could increase the number of veterans who would be eligible for a total homestead property tax exemption. As a result, taxable property values could be reduced and the related costs to the Foundation School Fund could be increased through the operation of the school finance formulas.
SB 794 would clarify language in Tax Code for disabled veterans who are exempted from taxation of the total appraised value of the veteran's residence homestead from "A disabled veteran who receives..." to "A disabled veteran who has been awarded..."