This bill amends section 77-3506 of the Revised Statutes Cumulative Supplement, 2024, to modify the provisions regarding homestead exemptions for certain disabled veterans and their surviving spouses. The bill introduces new language that specifies that homesteads of veterans with a disability percentage of at least ten percent but less than one hundred percent will be eligible for a partial tax exemption starting January 1, 2026. The exemption amount will be proportional to the veteran's disability percentage. Additionally, the bill clarifies the exemption eligibility for various categories of veterans and their surviving spouses, ensuring that unremarried spouses of veterans who meet specific criteria are also included.

The bill also revises the language concerning the application process for these exemptions. It establishes that applications for certain exemptions must be submitted annually, while others will only require certification every five years. The original section 77-3506 is set to be repealed, consolidating the updated provisions into a single, revised statute. Overall, the bill aims to enhance the benefits available to disabled veterans and their families by providing clearer guidelines and expanding eligibility for homestead tax exemptions.

Statutes affected:
Introduced: 77-3506