Bill > SB1357

This bill proposes to add a new section to the California Revenue and Taxation Code to provide a property tax exemption for disabled veteran homeowners and their surviving spouses. The key provisions of the bill are: 1. It would exempt from taxation property owned by and serving as the principal residence of a veteran who is 100% disabled or blind/lost use of two or more limbs, or the veteran's spouse or the veteran and spouse jointly. It also provides a partial exemption for veterans with a disability rating less than 100% but more than 10%. 2. The unmarried surviving spouse of a deceased veteran would also be eligible for the same exemption the veteran would have received if they were alive, provided certain conditions are met. 3. The bill would apply to property tax lien dates occurring on or after January 1, 2023 but before January 1, 2033, and would require certain documentation to be provided to the county assessor to receive the exemption. 4. The bill also includes provisions to comply with state law regarding the reporting of tax expenditures and their goals and objectives, and addresses state mandate reimbursement to local agencies.