What does Texas HB2508 do?
HB2508 creates a total property tax exemption for surviving spouses of veterans who died from PACT Act-related conditions (toxic exposure), contingent upon voter approval in November 2025. While this is a tax benefit for individuals, it creates immediate liability for mortgage servicers and title companies, who must adjust escrow analysis and closing prorations to accommodate zero-tax scenarios or face RESPA violations and closing delays.