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House Finance committee reports out bill allowing limited rental income in senior, disabled and veteran property tax exemption calculations
Summary
The House Finance Committee voted unanimously to report House Bill 10‑40 out of committee with a due‑pass recommendation; the bill would allow limited rental income from living space to be counted for exemption eligibility for seniors, disabled individuals and veterans.
House Bill 10‑40, which would add limited rental income from living space into income calculations for the senior-citizen, disabled-individual and veterans property tax exemption program, was reported out of the House Finance Committee with a due‑pass recommendation after a voice vote.
Supporters told the committee the bill helps seniors stay in their homes…
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