Bill > HJR6

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, receive this exemption, and the amount is a fixed percentage. This resolution would extend the exemption to veterans with disabilities rated less than 100%, as well as their surviving spouses, and would base the amount of the property tax exemption on the veteran's specific federal disability rating, meaning a higher disability rating would result in a larger exemption. The proposed amendment will be put to a vote of the people at the next general election.