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Senate committee advances bill to extend full property tax exemption for 100% disabled veterans
Summary
A Senate Revenue and Taxation Committee hearing advanced Senate Bill 296, sponsored by Senator Archuleta, to expand property tax relief by allowing a full property tax exemption for homeowners rated 100% service‑connected disabled by the U.S. Department of Veterans Affairs; the measure passed out of committee on a unanimous vote.
Senate Bill 296, authored by Senator Luis R. Archuleta, was moved out of the Senate Revenue and Taxation Committee to the Committee on Military and Veterans Affairs after testimony and unanimous support from committee members and county assessors.
The bill would expand the existing disabled‑veteran property tax benefit to provide a full property tax exemption for homeowners who are rated 100% service‑connected disabled by the U.S. Department of Veterans Affairs, and would make the benefit available to an unmarried surviving spouse under the terms laid out in the bill. Archuleta told the committee the exemption requires documentation from the VA before the benefit is granted.
Committee…
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