85R987 TJB-D     By: Creighton S.B. No. 240       A BILL TO BE ENTITLED   AN ACT   relating to the exemption from ad valorem taxation of part of the   appraised value of the residence homestead of a partially disabled   veteran or the surviving spouse of a partially disabled veteran if   the residence homestead was donated to the disabled veteran by a   charitable organization for less than the market value of the   residence homestead.          BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:          SECTION 1.  Section 11.132(b), Tax Code, is amended to read   as follows:          (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:                (1)  at no cost to the disabled veteran; or                (2)  at some cost to the disabled veteran in the form of   a cash payment, a mortgage, or both in an aggregate amount that is   not more than 50 percent of the good faith estimate of the market   value of the residence homestead made by the charitable   organization as of the date the donation is made.          SECTION 2.  This Act applies only to ad valorem taxes imposed   for an ad valorem tax year that begins on or after the effective   date of this Act.          SECTION 3.  This Act takes effect January 1, 2018, but only   if the constitutional amendment proposed by the 85th Legislature,   Regular Session, 2017, authorizing the legislature to provide for   an exemption from ad valorem taxation of part of the market value of   the residence homestead of a partially disabled veteran or the   surviving spouse of a partially disabled veteran if the residence   homestead was donated to the disabled veteran by a charitable   organization for less than the market value of the residence   homestead and harmonizing certain related provisions of the Texas   Constitution is approved by the voters.  If that amendment is not   approved by the voters, this Act has no effect.