New Texas tax law exempts 100 % disabled veterans

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San Antonio Business Journal-Disabled military veterans may be eligible to for more tax relief under a bill passed by the Texas Legislature.

House Bill 3613 provides an exemption of the total appraised value of homesteads for Texas veterans who have received a 100 percent disability rating or are considered unemployable by the U.S. Department of Veterans Affairs.

“Texas has done the right thing by providing property tax relief for our military men and women who have served their country and paid a heavy price,” Texas Comptroller Susan Combs says.

The new law is effective for the 2009 tax year. To take advantage of the exemption, veterans need to apply for the tax exemption through their county appraisal district. An application form can be found on the Comptroller’s Web site at this link.

     

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