Bill > SF3373

This bill increases the exclusion amounts for the disabled veterans homestead market value exclusion. Specifically, it raises the market value exclusion from $150,000 to $250,000 for veterans with a service-connected disability of 70% or more, and from $300,000 to $450,000 for veterans with a total and permanent disability. The bill also extends the exclusion benefits to the surviving spouses of veterans who die due to a service-connected cause, and allows spouses who previously received the exclusion to reapply if the exclusion expired prior to 2020. The changes are effective beginning with the 2024 assessment year.