Bill > LB272

This bill modifies homestead tax exemption provisions for disabled veterans and their surviving spouses by expanding the existing exemption to include veterans with service-connected disabilities ranging from 10% to 100%. Specifically, beginning January 1, 2026, veterans who have been discharged with an honorable or general characterization and are at least 10% disabled due to a service-connected disability will be eligible for a partial property tax exemption proportional to their disability percentage. The bill requires annual application and certification from the U.S. Department of Veterans Affairs for these exemptions, with full certification required every five years. The existing exemptions for 100% disabled veterans, veterans who died from service-connected disabilities, and their surviving spouses remain unchanged. The bill aims to provide additional tax relief for veterans with service-connected disabilities who were previously not eligible for homestead exemptions, recognizing their service and potential ongoing challenges related to their disabilities.

Budget and Finance

https://nebraskalegislature.gov/bills/view_bill.php?DocumentID=59509