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SB215: Excluding social security payments from household income and increasing the household income and appraised value thresholds for eligibility of seniors and disabled veterans related to increased property tax homestead claims.
IntroducedSenate
Introduced
In Committee
Passed Chamber
Passed Both
Signed
Plain-Language Summary
This bill aims to help seniors and disabled veterans by excluding Social Security payments from household income when calculating property tax homestead claims. It also increases the income and appraised value thresholds for eligibility.
Who This Affects
Seniors and disabled veterans who rely on Social Security benefits will benefit from this change, which could lead to lower property taxes or increased exemptions.
Key Provisions
• Excludes Social Security payments from household income when calculating property tax homestead claims
• Increases the household income threshold for eligibility
• Increases the appraised value threshold for eligibility
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Timeline
Introduced
Tuesday, February 4, 2025
Last Action
Senate Hearing: Tuesday, February 25, 2025, 9:30 AM Room 548-S
Feb 24, 2025
Sponsors
- Marci FranciscoDemocratcosponsor
- David HaleyDemocratcosponsor
- Pat PetteyDemocratcosponsor
- Ethan CorsonDemocratcosponsor
- Cindy HolscherDemocratcosponsor
- Patrick SchmidtDemocratcosponsor
- Dinah SykesDemocratcosponsor
- Oletha Faust-GoudeauDemocratcosponsor
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