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Committee restores larger homestead acreage for 100% disabled veterans
Summary
Lawmakers voted to restore a larger homestead acreage allowance for fully disabled veterans after testimony that a prior change to the definition reduced exemptions and imposed surveying costs and higher property taxes for some veterans.
The Revenue & Tax committee approved legislation to restore a larger homestead acreage threshold for 100% disabled veterans, reversing part of a prior change that had reduced the acreage considered part of a primary residence.
Senator Jim Petty presented House Bill 11-29 and said the bill "adds back" the prior acreage allowance so fully disabled veterans would again be eligible for a larger homestead…
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