SPONSOR: Gray
Upon voter approval, this Constitutional amendment would, beginning January 1, 2025, allow certain disabled veterans an exemption from real property taxes if the veteran:
(1) Has received an Honorable Discharge;
(2) Has a service-connected disability as certified by the United States Department of Veterans Affairs;
(3) Is liable for paying property taxes on a homestead;
(4) Is an owner of record of a homestead that is occupied as his or her principal residence for at least 183 days out of a calendar year; and
(5) Is liable for the payment of property taxes on such homestead.
The qualifying veteran shall receive a tax exemption using the following schedule:
(1) Veterans assigned a disability rating of 30% to 49% shall have $2,500 of their total assessed property valuation exempt from taxation;
(2) Veterans assigned a disability rating of 50% to 69% shall have $5,000 of their total assessed property valuation exempt from taxation; and
(3) Veterans assigned a disability rating of 70% to 100% shall have all of the value of their total assessed property exempt from taxation.
This bill is similar to HCS HJR 52 (2023); and HJR 89 (2022) .