Senate Bill (H)

DIGEST

Property tax deduction for veterans with a disability. Provides that the $12,480 property tax deduction for certain veterans with a disability is phased out if the assessed value of the individual's property is more than $143,160 but not more than $195,600. Provides that an individual is not entitled to a deduction if the assessed value of the individual's property is more than $195,600. (Under current law, an individual is not entitled to any deduction if the assessed value of the individual's property is more than $143,160.) Property tax deduction for veterans with a disability. Provides that the $12,480 property tax deduction for certain veterans with a disability is phased out if the assessed value of the individual's property is more than $143,160 but not more than $195,600. Provides that an individual is not entitled to a deduction if the assessed value of the individual's property is more than $195,600. (Under current law, an individual is not entitled to any deduction if the assessed value of the individual's property is more than $143,160.)