Bill > A5874

Introduced Session

This bill would provide an annual deduction for 100 percent of the property taxes, up to $5,000, assessed to honorably discharged veterans who served in the United States Armed Forces and suffered a service-connected disability that is rated less than 100 percent by the United States Department of Veterans Affairs. Under current law, a veteran who has been honorably discharged or released under honorable circumstances from active service in any branch of the Armed Forces of the United States and who has been or shall be declared by the United States Department of Veterans Affairs or its successor to have a service-connected disability of 100 percent, is entitled to a 100 percent property tax exemption. The bill would provide that any such veteran who has been declared by the United States Department of Veterans Affairs or its successor to have a service-connected disability of less than 100 percent would receive an annual deduction for 100 percent of the property taxes assessed to the veteran in any tax year, up to $5,000. In the case of such a veteran whose annual property tax bill in any tax year is less than $5,000, that tax bill would be canceled. This property tax deduction would be in addition to the $250 veterans' property tax deduction that is currently provided for all honorably discharged veterans. The bill would also require the State Treasurer to annually reimburse taxing districts for 102 percent of the amount of the property tax deductions granted to honorably discharged veterans under the bill.

AI Summary

Committee Categories

Alex Sauickie (R)*, 

Introduced, Referred to Assembly State and Local Government Committee (on 06/23/2025)

Official Document