The bill amends the law regarding property tax exemptions for disabled veterans, their surviving spouses, and minor dependent children by clarifying the eligibility requirements. It introduces a provision that allows a letter from the Department of Veterans Affairs to be submitted only once to establish eligibility for the exemption, eliminating the need for annual submissions. Additionally, it requires taxpayers to notify the county collector of any legal changes in their status or changes in property description, ownership, use, or occupancy that may affect their eligibility. If a taxpayer changes their homestead, they must submit a new letter to the county collector for the new location.

Furthermore, the bill establishes that if a county collector finds that an exemption was granted in error, they are required to remove the exemption and may levy up to three years of unpaid property taxes, along with any applicable penalties, interest, and costs, from the taxpayer who claimed the erroneous exemption. The provisions of this act will take effect for assessment years beginning on or after January 1, 2025.

Statutes affected:
Old version HB1072 V2 - 3-19-2025 02:23 PM: 26-3-306(b)
Old version HB1072 V3 - 4-3-2025 09:25 AM: 26-3-306(b), 26-3-306
Old version HB1072 Original - 12-20-2024 11:17 AM: 26-3-306(b)
HB 1072: 26-3-306(b)
Act 876: 26-3-306(b), 26-3-306