Texas Tax Code
§ 11.132 — DONATED RESIDENCE HOMESTEAD OF PARTIALLY DISABLED VETERAN
TX § 11.132Title 1. PROPERTY TAX CODE · Part C. TAXABLE PROPERTY AND EXEMPTIONS · Ch. 11. TAXABLE PROPERTY AND EXEMPTIONS · Art. B. EXEMPTIONS
Statute text
View on source(a)In this section:
(1)"Charitable organization" means an organization that is exempt from federal income taxation under Section 501(a), Internal Revenue Code of 1986, as an organization described by Section 501(c)(3) of that code.
(2)"Disability rating" and "disabled veteran" have the meanings assigned by Section 11.22.
(3)"Residence homestead" has the meaning assigned by Section 11.13.
(4)"Surviving spouse" has the meaning assigned by Section 11.131.
(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:
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Legislative history
Acts 2017, 85th Leg., R.S., Ch. 1131 (H.B. 150), Sec. 1, eff. January 1, 2018.