Property taxation: exemption: disabled veteran homeowners.
Vote required
Majority
Fiscal committee
No
Appropriation
No
Current location
Appropriations
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed Assembly
- Passed Senate
- To Governor
- Became Law
Overview
This bill creates a property tax exemption for disabled veterans and their surviving spouses. Specifically, it offers a 50% exemption for veterans who are 100% disabled, their spouses, or both jointly, provided they meet certain disability criteria and income limits. Unmarried surviving spouses also qualify for an exemption, mirroring the benefits available to the veteran and their spouse, with similar income limitations. The exemption applies to properties owned as a principal residence and is subject to documentation requirements. The exemption is effective for property tax lien dates starting January 1, 2027, but before January 1, 2032.
Key provisions
- Provides a 50% property tax exemption for disabled veterans and their spouses.
- Offers a 100% property tax exemption for disabled veterans and their spouses with household incomes below $40,000.
- Extends property tax exemption to unmarried surviving spouses under specific conditions.
- Requires documentation from the Department of Veterans Affairs to verify eligibility.
- Prohibits other real property tax exemptions for claimants receiving this exemption.
- The exemption is effective for property tax lien dates between January 1, 2027, and January 1, 2032.
- Includes provisions for data collection and reporting by the State Board of Equalization to assess the exemption's impact.
- States that the state will not reimburse local agencies for property tax revenues lost due to this exemption.
Who is affected
Bill text
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Sponsors
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1 on record
Primary sponsor
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