Finance - Room 216, 13 March, 2025; 1:15 PM

Finance Committee

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10:47

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10:47

Veteran homestead exemption: include surviving unremarried spouse

Presentation

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Chair explained a bill to allow an exemption from ad valorem taxes for a qualified homeowner who is an honorably discharged American veteran aged 90 or older and to extend that exemption to the unremarried surviving spouse (and surviving spouses of homeowners classified as totally disabled under certain federal acts). The Chair clarified the effective year (claims in 2026, reimbursements in 2027) and that the bill "just adds the surviving spouse."

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Speakers:Chair (unidentified)

A legislative finance committee advanced several bills affecting tax exemptions, tax-credit limits for broadband, short-term rental tax collection, bond amendments, new markets tax credits, and an exemption for oyster-lease assessments; all items were voice-approved and will be reported out.

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Transcript

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