Senate Bill 0165
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DIGEST OF SB 165 (Updated January 29, 2013 2:39 pm - DI 84)
Veterans' property tax deductions. Provides that the following apply to the property tax deduction for veterans with a service connected disability of at least 10% and to the property tax deduction for a veteran who has a total disability or has at least a 10% disability and is at least 62 years of age: (1) A deceased veteran's surviving spouse is eligible for the deduction if the deceased veteran satisfied the requirements for the deduction at the time of death and the surviving spouse owns the property at the time the deduction statement is filed (regardless of whether the property for which the deduction is claimed was owned by the deceased veteran or the surviving spouse before the deceased veteran's death). (2) A deceased veteran's surviving spouse who first applies for the deduction after 2012 is eligible for the deduction only if the property is the surviving's spouse's homestead. Increases the assessed value cap (from $143,160 to $195,600) that applies to the property tax deduction for a veteran who has a total disability or has at least a 10% disability and is at least 62 years of age.
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