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Senate hears bill to raise optional veterans property-tax credit; DRA to clarify interactions among credits
Summary
Sen. Crane introduced a bill to raise the optional municipal veterans property-tax credit; Department of Revenue Administration staff said they will research how several related credits interact and follow up with committee members.
Senate Bill 224 was introduced by Sen. Crane to raise the optional veterans property-tax credit that municipalities may adopt.
"I came here about 8 years ago with similar bill ... it had been 13 years since they had addressed any changes to the veterans tax credit," Crane said, describing prior increases and saying he received repeated constituent requests to raise the optional credit. He characterized the increase he proposed as incremental and framed it as a way to acknowledge veterans' service.
Committee members asked detailed questions about how the bill would interact with other veterans-related tax credits. Tax policy counsel Jennifer Ramsey of the Department of Revenue Administration (DRA) appeared and told the committee she would research how the several veterans credits (regular veterans credit, disabled veterans credit, and the combat-service credit) interact and whether they stack in practice. Ramsey said she would follow up with committee members after reviewing statutory language and municipal exemption data.
Committee members also noted that many municipalities have not yet adopted the most recent optional credit level; the transcript records the chair saying fewer than 10% of towns had adopted the current level in some statewide counts, though sponsors described higher adoption in their districts.
No committee vote on the substantive provision appears in the provided transcript excerpt. DRA agreed to provide written follow-up with totals and statutory clarifications.
