H1563: Homestead Property Tax Exemptions for Classroom Teachers, Law Enforcement Officers, Firefighters, Emergency Medical Technicians, Paramedics, Child Welfare Professionals, and Servicemembers

Legislative Summary

Specifies information that must be supplied annually to property appraiser by specified professionals who qualify for specified exemption; provides conditions under which those specified professionals may receive additional homestead property tax exemption; specifies amount of homestead property tax exemption; provides requirements for applying for & receiving exemption; specifies actions property appraiser may take if taxpayer improperly claims exemption; provides penalties under certain conditions; requires Legislature to appropriate moneys to offset reductions in ad valorem tax revenues experienced by fiscally constrained counties due; specifies procedures for distributing such moneys.