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Senator Elliot’s amendment to SB130 adopted to prevent counting exempt ad valorem taxes in veterans' debt-to-income calculations

Legislative Committee (unnamed) · March 4, 2026

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Summary

Senator Elliot moved and explained an amendment to SB130 that requires a certificate showing a veteran is 100% disabled and prevents settlement or closing officers from counting ad valorem (property) taxes in debt-to-income ratios when the veteran is exempt; the amendment was adopted and the bill given a favorable report.

Senator Elliot moved and the committee adopted an amendment to SB130 that, according to his explanation, creates a mechanism for veterans to present a certificate confirming a 100% disability determination and prevents settlement or closing officers from counting ad valorem (property)…

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