Bill > AB2022

This bill proposes to create a temporary property tax exemption for disabled veteran homeowners in California, effective from January 1, 2027, to January 1, 2032. Under this bill, 50% of the property owned and used as the principal residence by a veteran who is 100% disabled, or by their surviving unmarried spouse under certain conditions, would be exempt from property taxes. If the disabled veteran's or surviving spouse's household income is $40,000 or less, the entire property would be exempt. The bill also specifies definitions for terms like "totally disabled" and outlines the documentation required from claimants to receive this exemption, which would replace other property tax exemptions they might otherwise be eligible for. Furthermore, the bill aims to reduce homelessness by providing this tax relief to disabled veterans and requires the State Board of Equalization to collect data on the exemption's impact. Importantly, the state will not reimburse local agencies for any property tax revenue lost due to this exemption.