This bill amends sections 77-202 and 77-3506 of the Revised Statutes Cumulative Supplement, 2024, to modify provisions related to property tax exemptions for certain veterans and surviving spouses, as well as for 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 provided to Medicaid beneficiaries over the past three years. Additionally, the bill clarifies that this new provision will not affect existing exemptions for nonprofit facilities. Furthermore, the bill updates the criteria for homestead exemptions for veterans and their surviving spouses. It specifies that the exemption applies to veterans with a one hundred percent service-connected permanent disability or assignment of total disability rating for compensation under certain regulations. The bill also outlines the application requirements for these exemptions, including annual certification from the United States Department of Veterans Affairs for certain categories of applicants. The original sections of the law are repealed, and the act is declared to take effect immediately due to the existence of an emergency.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