HB 1276

Bill Subjects

Taxes Generally Veterans

Abstract

Eliminates the assessed value cap that applies to the property tax deduction for a veteran who: (1) has a total disability; or (2) is at least 62 years of age and has at least a 10% disability. Provides a property tax deduction for an individual or surviving spouse of a veteran who has been rated by the United States Department of Veterans Affairs as individually unemployable. Allows a disabled veteran who rents a dwelling as a principal place of residence to claim an additional renter's deduction of up to $3,000 from the disabled veteran's adjusted gross income.