Introduced House Bill (H)

Authored by

DIGEST

Property tax benefits for veterans. Specifies that a county fiscal body may adopt an ordinance to authorize a total or partial property tax exemption for any of the following: (1) A homestead in the county that is owned by: (A) an individual (or surviving spouse of an individual) who served in the armed forces of the United States or in the national guard and was killed in action or died while on active duty; or (B) an individual who is receiving dependency indemnity compensation. (2) A homestead in the county that is owned by a disabled veteran, if the homestead Property tax benefits for veterans. Specifies that a county fiscal body may adopt an ordinance to authorize a total or partial property tax exemption for any of the following: (1) A homestead in the county that is owned by: (A) an individual (or surviving spouse of an individual) who served in the armed forces of the United States or in the national guard and was killed in action or died while on active duty; or (B) an individual who is receiving dependency indemnity compensation. (2) A homestead in the county that is owned by a disabled veteran, if the homestead was conveyed without charge to the owner by a tax exempt organization. (3) A homestead owned by a veteran who served during periods specified by the county fiscal body. Specifies that a county fiscal body may adopt an ordinance to do either of the following: (1) Eliminate or increase the assessed value cap on the property tax deduction for disabled veterans in the county. (2) Provide that the property tax standard deduction applies in the county to a homestead owned by a veteran serving out of state, even if that property is leased to another person. ... View more