Texas Responds: The Texas War Relief Package Page: 11
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LEGISLATION REQUIRED
Financial Assistance 2
RECOMMENDATION
Texas should allow additional $20,000 property tax exemptions for reservists
called to active duty.
COMMENTS:
" The Texas Legislature should grant a mandatory $20,000 homestead exemption
from school district property taxes for Texas military reservists called to active duty
by the President.
" The exemption, which would be similar to the current mandatory exemption for dis-
abled veterans, would expire when the individual is released from active duty.
" The state should hold school districts harmless for any property tax revenues lost to
school districts as a result of the homestead exemption.
LEGISLATION REQUIRED
This recommendation will require a constitutional amendment to Article VIII, Section
2 and ratification by general election. The Legislature also must amend Chapter 11 of
the Property Tax Code to implement the amendment.
FISCAL IMPACT
The cost to the General Revenue Fund to implement this proposal is estimated at
$775,000 per year following the exemption's implementation. This is the amount the
state would provide to local school districts to make up for lost property tax revenue.For more detail on the Texas War Relief Package go to http://www.window.state.tx.us/wrp/
TEXAS RESPONDS - The Texas War Relief Package 11
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Texas. Comptroller's Office. Texas Responds: The Texas War Relief Package, text, November 2001; Austin, Texas. (https://texashistory.unt.edu/ark:/67531/metapth654370/m1/21/?q=%22~1%22~1&rotate=90: accessed July 16, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting UNT Libraries Government Documents Department.