PROP-TX-DISABLED VETERAN

Session: 103rd General Assembly
Year: 2024
Bill #: SB2700
Category: Revenue
Position: Under Review
Mandate?
Revenue Loss?
Authority Preemption?

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Amends the Property Tax Code. In provisions concerning the homestead exemption for veterans with disabilities, provides that the exemption applies to all real property that is the primary residence of a veteran with a disability (currently, property with an equalized assessed value of less than $250,000 that is the primary residence of a veteran with a disability). Provides that, with respect to veterans with a service connected disability of 70% or more and surviving spouses of veterans whose deaths were service-connected, the first $250,000 in equalized assessed value of the property is exempt.



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