Bill > SB56

This bill modifies the existing property tax exemption for disabled veterans by excluding service-connected disability payments from the definition of "household income" until January 1, 2036. Currently, disabled veterans can receive a property tax exemption on their primary residence up to $100,000 (or $150,000 if their household income is below $40,000), and this bill ensures that disability payments received by veterans will not count towards that income calculation. The bill requires the State Board of Equalization to track and report on the number of claims under this exemption, with a comprehensive report due by January 1, 2035, to help the Legislature evaluate the effectiveness of the expanded tax exemption. The legislation aims to support disabled veterans by removing a potential barrier to their tax benefits and ensuring that their service-connected disability payments are not counted against them when qualifying for the property tax exemption. Additionally, the bill includes provisions that clarify the goals of supporting veterans who have been injured or disabled during military service, and it stipulates that no state reimbursement will be made to local agencies for the property tax revenues lost due to this exemption.

Budget and Finance, Military Affairs and Security

https://leginfo.legislature.ca.gov/faces/billStatusClient.xhtml?bill_id=202520260SB56