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Hearing held on bill to remove taxable-value cap for disabled-veteran homestead credit; commissioners and veterans groups support expansion
Summary
House Bill 1266 would remove the taxable value cap on the homestead property tax credit for disabled veterans and add parents and children to the co-ownership calculation; supporters said the change would retain and attract veterans, while tax staff and counties noted substantial potential fiscal cost.
Representative Brandy Pyle introduced House Bill 1266 to the House Finance and Taxation Committee seeking to remove the taxable-value cap on the homestead property tax credit for veterans with a service-connected disability rating of 50% or more, and to adjust ownership calculations for co-owned properties with parents or children.
Pyle and Veterans Affairs Commissioner Lonnie Wongen said the measure recognizes service-related sacrifices and…
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