This bill proposes significant updates to the current property tax exemption statutes for veterans with service-connected disabilities. Under the new provisions, the primary residence of a veteran with a 100% disability rating from the United States Department of Veterans Affairs would be fully exempt from taxation. Additionally, the surviving spouse of such a veteran would be allowed to continue claiming this exemption for their primary residence, provided they do not remarry. The bill clarifies that if a primary residence is owned by both the veteran and their spouse, it will be treated as solely owned by the veteran for exemption purposes.

Furthermore, the bill introduces a provision stating that the property tax exemptions outlined in the relevant subsections are exclusive, meaning individuals cannot claim multiple exemptions across different categories. It also specifies that the act will apply to tax years beginning after December 31, 2025, and includes an emergency clause to ensure immediate implementation. These changes aim to enhance the benefits available to veterans and their families while simplifying the existing legal framework surrounding property tax exemptions.

Statutes affected:
Introduced Version: 42-11111
House Engrossed Version: 42-11111