Proposition 4 - Newschannel 6 Now | Wichita Falls, TX

Proposition 4

     Proposition 4, also known as the Texas Disabled Veteran Residence Tax Exemption Amendment, is aimed at easing the tax burden on disabled veterans whose homes were donated to them by a charitable group.
    Current law allows only totally disabled vets all or part of a property tax exemption based on the market value of the home. Some disabled veterans were unable to pay those property tax's. So while the charitable organization who donated the home was able to obtain a corporate tax write off, the vet who received the home was left to foot the property tax bill.
    Overall this bill was given full support through both the house and the senate. In fact not one person in either chamber voted against the proposed measure.

Powered by Frankly