Bill > LB425

This bill modifies homestead tax exemption provisions for disabled veterans and their surviving spouses by expanding the existing exemptions. Specifically, the bill adds a new category of veterans who are at least 80% disabled (but less than 100% disabled) due to a service-connected disability, making them eligible for a partial property tax exemption starting January 1, 2026. The exemption amount will be proportional to the veteran's disability percentage, meaning a veteran with an 80% disability rating would receive an 80% exemption on their homestead. The bill also updates application requirements, mandating that veterans and surviving spouses in the new and existing categories must provide certification from the United States Department of Veterans Affairs, with full certification required every five years. These changes aim to provide additional tax relief for veterans with significant service-connected disabilities who were previously not fully covered by existing homestead exemption laws.

Budget and Finance

https://nebraskalegislature.gov/bills/view_bill.php?DocumentID=58975