This bill amends sections 77-202 and 77-3506 of the Revised Statutes Cumulative Supplement, 2024, to modify provisions regarding property tax exemptions for certain veterans and their surviving spouses, as well as for specific skilled nursing, nursing, and assisted-living facilities. Notably, the bill introduces a property tax exemption for for-profit skilled nursing facilities, for-profit nursing facilities, and for-profit assisted-living facilities that provide housing for Medicaid beneficiaries. The exemption amount will be based on the average percentage of occupied beds allocated to Medicaid beneficiaries over the past three years. Additionally, the bill clarifies that this new provision does not affect existing exemptions for nonprofit facilities. Furthermore, the bill expands the homestead exemption for veterans and their surviving spouses by specifying eligibility criteria, including those with a one hundred percent service-connected permanent disability or total disability rating for compensation. The exemption applies to various categories of veterans and their spouses, with specific application requirements outlined for each category. The original sections of the statutes are repealed, and the bill is declared to take effect immediately due to the existence of an emergency.

Statutes affected:
Introduced: 77-202, 77-3506
Final Reading: 77-202, 77-3506
Slip Law: 77-202, 77-3506