HB1149

Assessed value deduction for disabled veterans.

Latest bill text (Comm Sub) [PDF]

Summary

Assessed value deduction for disabled veterans. Increases the assessed value cap, from $200,000 to $240,000, that applies to the property tax deduction for a veteran who: (1) has a total disability; or (2) is at least 62 years of age and has at least a 10% disability. Provides that for purposes of determining the assessed value of the real property, mobile home, or manufactured home for an individual who has received a deduction in a previous year, increases in assessed value that occur after December 31, 2024, are not considered for purposes of determining whether an individual is eligible to receive the deduction.

Authors

Authored by Representative Cherry

Fiscal Outlook

Title Description Date View
Fiscal NoteFiscal Note #1: Introduced2024-01-04 Click To View

History

Date Chamber Action
2024-01-08HouseFirst reading: referred to Committee on Ways and Means
2024-01-08HouseAuthored by Representative Cherry