Representative Knox presented House Bill 402 to the Senate Committee on Revenue and Fiscal Affairs on June 8, 2025, seeking to increase the tax deduction available to veterans with a disability rating of 50% or more by the U.S. Department of Veterans Affairs. "This is Bill HB402 to, increase the, tax deduction for veterans, with a disability rating of 50% or more," Knox said, describing the bill as relief for veterans facing housing and economic challenges.
Knox explained the bill was intended to align with recent increases to the standard deduction and noted an earlier draft had included seniors but was amended to avoid conflict with another measure. "This bill was amended to take the seniors out and just leave the veterans because we didn't want any conflict, when that resolution, when that amendment passed, the house," Knox said, referencing parallel legislative activity.
Senators expressed appreciation for the sponsor's work on behalf of veterans. Senator Bass moved that the committee report HB402 favorable; the motion carried with no objections and the bill was reported favorable. No public opposition or fiscal concerns were raised during the committee hearing as recorded in the transcript.