Bill > HB1611

This bill modifies the property tax credit available to disabled veterans and their surviving spouses by removing a fixed income limit and allowing local governments to set their own eligibility criteria based on a disabled veteran's federal adjusted gross income, which is their income after certain deductions as reported to the federal government. Previously, a disabled veteran's income was capped at $100,000 for eligibility, but this bill raises that to $150,000 for individuals filing their own tax return and $300,000 for those filing jointly, while also giving counties and municipalities the authority to establish these income thresholds. The changes are intended to provide more flexibility in determining who qualifies for this property tax relief, which can be up to 50% of the property tax for those with a 75% or higher disability rating, or 25% for those with a 50% to 74% rating, and will apply to tax years beginning after June 30, 2026.