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Panel lays over bill to raise disabled veterans homestead exclusion amounts
Summary
The committee advanced House File 194, which would increase the homestead market‑value exclusion for 100% disabled veterans to $400,000 and for veterans rated 70% to $200,000; a disabled veteran testified in support and lawmakers noted the exclusion amounts have not been updated since 2008.
The House Taxes Committee advanced House File 194, a bill by State Representative John Knudson that would raise the homestead market‑value exclusion for disabled veterans. Under the bill, the exclusion for a 100% totally and permanently disabled veteran would increase from $300,000 (the 2008 level) to $400,000; the exclusion for a veteran with a 70% disability rating would increase from $150,000 to $200,000. The bill was laid over for possible inclusion in the omnibus tax package.
Representati…
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