This bill establishes a property tax exemption for homestead properties owned by certain veterans and former law enforcement officers who have service-connected disabilities, as well as their surviving spouses. The exemption varies based on the severity of the disability, with specific amounts outlined: $2,500 for disabilities between 30% and 50%, $5,000 for disabilities between 50% and 60%, and full exemption for disabilities of 60% or more. Additionally, surviving spouses of veterans or law enforcement officers who died due to service-connected incidents are also eligible for full tax exemption. The bill also stipulates that if a qualifying individual moves to an adult care home or a facility operated by the U.S. Department of Veterans Affairs, the exemption can continue under certain conditions.

Furthermore, the bill clarifies that the exemption does not require prior qualification if the veteran or officer was killed in the line of duty. It also allows for the exemption to carry over to the surviving spouse as long as they maintain legal title to the property, reside there, and do not remarry. The bill outlines the process for claiming the exemption and specifies that those with a 100% disability rating will not need to reapply annually. The provisions of this act will take effect for taxable years starting after December 31, 2025.