Bill > HB2349

This bill amends existing law to provide an additional homestead exemption of $1,000 on the assessed valuation of a home for heads of households whose gross household income, meaning the total income from all sources for the previous year, does not exceed $20,000. Crucially, the bill excludes veterans' disability compensation payments from the calculation of gross household income, meaning these payments will no longer count towards the $20,000 income limit for qualifying for this additional exemption. The bill also specifies an effective date of November 1, 2016.