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House Bill 1474


House Bill 1474

ARCHIVE (2003)

Latest Information

 

DIGEST OF HB1474 (Updated February 17, 2003 3:26 PM - DI 84)


Property tax deductions for veterans. Extends the disabled veteran property tax deductions to veterans who served in actual combat or other equally hazardous duty, regardless of time, or any foreign war, insurrection, or expedition that is recognized by a service or campaign medal of the United States. Increases the maximum assessed value for eligibility to claim a property tax deduction for individuals who are at least 65 years of age from $69,000 to $144,000. Increases the maximum assessed value for eligibility to claim a property tax deduction for veterans who are either totally disabled or at least 62 years of age and having a disability of at least 10% from $54,000 to $113,000. Increases the maximum assessed value for eligibility to claim a property tax deduction for WWI veterans from $78,000 to $163,000. Increases the maximum pre-rehabilitation assessed value for eligibility to claim a property tax deduction for the rehabilitation of residential real property to $38,000 for a single family dwelling, $50,000 for a two family dwelling, and $19,000 per unit in a structure containing more than two dwellings.
Current Status:
 In Committee - 2nd House
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