Bill > HB1187

This bill modifies property tax benefits for veterans by increasing the property tax deduction for totally disabled veterans to 100% of their property's assessed value, replacing the previous $14,000 limit. It also phases out existing property tax deductions for certain veterans and, starting with property taxes for the 2026 assessment date, introduces a new property tax liability credit for these veterans, with provisions for an additional credit based on previous deduction amounts. The bill also includes new sections establishing property tax credits for disabled veterans and veterans aged 62 or older with a disability, and a maximum property tax liability credit for qualified individuals who previously received a deduction. These changes are intended to provide continued or enhanced property tax relief to veterans.