The bill amends the West Virginia Property Tax Adjustment Act to extend real property tax exemptions to the widowed spouses of disabled veteran taxpayers. It introduces a new definition for "widowed spouse of a disabled veteran taxpayer," specifying that this individual is the surviving spouse of a disabled veteran who had previously received a real property tax credit and has not remarried. The bill also modifies the existing definitions and provisions related to tax credits, allowing both disabled veteran taxpayers and their widowed spouses to receive a tax credit against their personal income tax based on the ad valorem property taxes paid on their homestead.

Additionally, the bill clarifies that the tax credit will terminate upon the death of the disabled veteran taxpayer unless they are survived by an eligible widowed spouse, in which case the credit will end upon the spouse's death or remarriage. The legislation aims to provide financial relief to the families of disabled veterans, ensuring that they can maintain their homes without the burden of property taxes after the loss of their spouse.

Statutes affected:
Introduced Version: 11-13MM-2, 11-13MM-4
Committee Substitute: 11-13MM-2, 11-13MM-4
Engrossed Committee Substitute: 11-13MM-2, 11-13MM-4