Bill > HJR2

This Joint Resolution proposes an amendment to the New Mexico Constitution to expand property tax exemptions for veterans. Currently, only veterans with a 100% permanent and total service-connected disability, and their surviving spouses, are eligible for this exemption. The proposed change would extend this exemption to veterans with less than a 100% disability rating, as determined by federal law, and their surviving spouses, with the amount of the tax exemption being directly proportional to the veteran's federal disability rating. The resolution also clarifies that the surviving spouse of an eligible veteran would receive the same amount of exemption if they continue to reside in the property as their primary home, and places the responsibility on the claimant to prove their eligibility for the exemption.