Rule 19(a) / Re-referred to Rules Committee
Summary
The bill changes the state Property Tax Code so that veterans with a service‑connected disability of 60% or more will receive a full homestead tax exemption beginning in the 2025 tax year. It lowers the threshold from the current 70% level, which only exempts the first $250,000 of assessed value. The change benefits disabled veterans, their surviving spouses, and also retains existing benefits for World War II veterans.
AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.
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