Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Legislative staff explains proposal to raise disabled‑veteran property tax exemptions and adds means test questions
Summary
An informational briefing on Senate Bill 387 described proposals to increase and add property tax exemptions for disabled veterans and surviving spouses, possible means‑test thresholds and preliminary fiscal impacts estimated at about $80–$90 million in reduced property tax receipts per biennium under certain funding assumptions.
On April 28, 2025, the Senate Committee on Finance and Revenue received an informational briefing on Senate Bill 387, which would increase several property tax exemption amounts for disabled veterans and surviving spouses and add two new partial exemptions.
Beau Olin of the Legislative Revenue Office presented the bill’s structure, described the exemption amounts (listed in section 1 of the bill) and outlined several technical and implementation questions staff flagged for the committee. The briefing emphasized that the bill increases current assessed‑value exemption amounts and also introduces a new means test tied to taxable income.
Olin summarized key provisions: existing exemptions that currently…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
