HB 998
AN ACT relating to the authority of an individual, before purchasing real
House Bill
89th Regular Session
Jan 14, 2025 - Jun 2, 2025 • Session ended
Awaiting Committee Assignment
Bill filed, pending referral to House committee
Committee
Not yet assigned
Fiscal Note
Not available
What This Bill Does
relating to the authority of an individual, before purchasing real
Bill Text
relating to the authority of an individual, before purchasing real property to be used as the individual's residence homestead, to request from the chief appraiser of the applicable appraisal district a preliminary determination of whether the property would qualify for a disabled veteran exemption if purchased by the individual and used for that purpose. BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: SECTION 1. Subchapter C, Chapter 11, Tax Code, is amended by adding Section 11.4385 to read as follows: Sec. 11.4385. APPLICATION FOR EXEMPTION BY 100 PERCENT OR TOTALLY DISABLED VETERAN. (a) In this section: (1) "Disabled veteran" has the meaning assigned by (2) "Mortgage company" has the meaning assigned by (3) "Residence homestead" has the meaning assigned by (4) "Title insurance company" has the meaning assigned by Section 2501.003, Insurance Code. (b) To facilitate the financing associated with the purchase of real property to be used as the individual's residence homestead, a disabled veteran, before purchasing the property, may request from the chief appraiser of the appraisal district established for the county in which the property is located a preliminary determination of whether the property would qualify for an exemption under Section 11.131 if purchased by the disabled veteran and occupied by the disabled veteran as the disabled veteran's primary residence. The request must include the information that would be included in an application for an exemption for the property under Section 11.131. (c) Not later than the 30th day after the date a request is submitted under this section, the chief appraiser shall issue a written preliminary determination for the property included in the request. A preliminary determination does not affect the granting of an exemption under Section 11.131. (d) A mortgage company or title insurance company that receives from a purchaser of real property a written preliminary determination issued under this section shall consider the effect of the preliminary determination: (1) in determining whether to extend credit to the (2) the amount due from the purchaser at closing. SECTION 2. This Act takes effect September 1, 2025.
Bill History
filed
Bill filed: AN ACT relating to the authority of an individual, before purchasing real
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