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Committee approves bill allowing disabled veterans to claim homestead exemption when residence is held in trust or LLC
Summary
The Senate Revenue and Tax Committee passed House Bill 1809, which clarifies that disabled veterans may claim the homestead property tax exemption when their primary residence is held in a trust or limited liability company, provided the veteran is named as a beneficiary or sole member.
The Senate Revenue and Tax Committee voted to pass House Bill 1809 after a brief presentation by Sen. Matt McKee.
Sen. Matt McKee, R.-Senate District 6, told the committee the bill was presented at the request of tax collectors and “there’s been an issue with disabled veterans with respect to the homestead exemption on their primary residence.” He said that for multiple reasons a disabled veteran’s primary residence can be held in a revocable trust, irrevocable trust, or an LLC, and that “as long as the trust or LLC names the disabled veteran as a beneficiary or sole member, the disabled veteran will be able to claim the homestead exemption for their primary residence.”
The presentation drew no public testimony or substantive committee questions. After McKee closed, the committee took up a motion to pass the bill. Senator Hester moved to pass the bill and Senator Crowell seconded the motion. The chair called the voice vote; senators responded “aye” and the chair announced the bill passed out of committee.
The committee record does not show a roll-call vote count in the transcript. The measure will proceed according to the legislature’s regular process for bills passed out of committee.
