Bill > HB1611

This bill modifies the property tax credit available to disabled veterans and their surviving spouses by adjusting the income limitations that determine eligibility for this credit. Previously, a disabled veteran's federal adjusted gross income (AGI) for the preceding taxable year could not exceed $100,000 to qualify for the credit, which is a reduction in property taxes imposed by counties and municipalities on their dwelling house. The bill now increases this income threshold, allowing individuals filing as single to have an AGI of up to $150,000 and those filing jointly to have an AGI of up to $300,000. A "disabled veteran" is defined as someone honorably discharged with a permanent service-connected disability of at least 50% or a nonpermanent 100% disability, as declared by the U.S. Department of Veterans Affairs. A "dwelling house" refers to the veteran's legal residence that is occupied by no more than two families. The bill also specifies that these changes will apply to all taxable years beginning after June 30, 2026.