Committee hears bill to convert veterans and active‑duty homestead exemptions into property‑tax credits

The Senate Committee on Finance and Revenue heard testimony on Wednesday, June 4, 2025, on Senate Bill 10 94, which would replace existing property tax exemptions for active‑duty military service members, disabled veterans and qualifying surviving spouses with capped, indexed property‑tax credits and allow existing participants to opt into the new credit program.

Supporters told the committee the measure would remove administrative uncertainty that has discouraged some eligible people from taking current benefits. Eric Chancellor, speaking on behalf of county assessors and tax collectors, said the Department of Revenue’s rule interpretation created ‘‘a fair amount of complexity’’ and that the bill would restore a simpler, more predictable benefit. ‘‘You go in and you get — you know what you get,’’ Chancellor said, adding the bill would avoid front‑…