Bill > SB56

This bill amends California's property tax law to modify the disabled veterans' property tax exemption by excluding service-connected disability payments from the definition of "household income" when calculating eligibility for the exemption. Currently, disabled veterans can receive a property tax exemption of $100,000, which increases to $150,000 if their household income is below $40,000. The bill specifically clarifies that service-connected disability payments will not count toward the household income threshold, potentially making more disabled veterans eligible for the higher exemption amount. The bill also corrects an erroneous cross-reference in the existing law and imposes additional administrative duties on local tax officials. While the bill would typically require state reimbursement to local agencies for these new mandates, it explicitly states that no appropriation will be made for lost property tax revenues. The bill takes effect immediately as a tax levy, reflecting its immediate applicability to property tax assessments. By excluding service-connected disability payments from household income calculations, the bill aims to provide additional financial relief to disabled veterans who may have been previously limited in their tax exemption eligibility.

Budget and Finance, Military Affairs and Security

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