Bill > SB335

This bill modifies the homestead property tax exemption for disabled veterans. Specifically, it: - Expands the definition of a "disabled veteran" to include any veteran with a disability rating assigned by the U.S. Department of Veterans Affairs, rather than requiring a total disability rating. - Changes the calculation of the homestead tax exemption for disabled veterans from a fixed $50,000 of property value to a percentage based on the veteran's disability rating. - Allows a county veterans service officer, in addition to the U.S. Department of Veterans Affairs, to provide the necessary documentation for a disabled veteran to qualify for the exemption. - Applies the changes to the real property tax exemption retroactively to tax years ending on or after the effective date, and applies the changes to the manufactured home tax exemption prospectively to tax years beginning on or after the effective date.