Bill Status of SB0089 95th General Assembly
Short Description: PROP TX-DISABLED VET EXEMPTION
Sen. Frank C. Watson - Pamela J. Althoff - Dale A. Righter - Bill Brady, Matt Murphy, Randall M. Hultgren, Chris Lauzen, Gary G. Dahl and William E. Peterson
|Session Sine Die
Statutes Amended In Order of Appearance
Synopsis As Introduced
Amends the Property Tax Code. Ends the current exemption for disabled veterans with the 2007 tax year. Beginning with the 2008 tax year, provides a property tax exemption for property that is owned and used as a homestead by a disabled veteran or the spouse or unmarried surviving spouse of the veteran. Provides that the amount of the exemption is an amount equal to the assessed value of the property multiplied by the percentage of disability of the veteran. Sets forth requirements for the exemptions. Provides that a surviving spouse may transfer the exemption to homestead property acquired after the veteran's death. Requires an annual application for the exemptions. Effective immediately.