Bill
HSB 231
Overview: HSB 231, A bill for an act relating to the disabled veteran homestead tax credit and including effective date and retroactive applicability provisions.Status: Subcommitte
Overview: HSB 231, A bill for an act relating to the disabled veteran homestead tax credit and including effective date and retroactive applicability provisions.
Status: Subcommittee recommends passage.
Introduced: February 20, 2025
Purpose and Intent: The main goal of this bill is to expand eligibility for the disabled veteran homestead tax credit. The credit currently applies to disabled veterans who own and occupy their homestead, but this bill would extend it to disabled veterans who rent their residence.
Key Provisions:
- Expands the disabled veteran homestead tax credit to include disabled veterans who rent their primary residence
- Allows the credit to be applied retroactively to tax years beginning on or after January 1, 2024
Affected Parties and Impacts:
- Disabled veterans who rent their homes would become eligible for the homestead tax credit
- Eligible disabled veterans could receive retroactive tax credits for the 2024 tax year and going forward
Procedural and Timeline Considerations:
- The bill has been recommended for passage by a subcommittee
- If enacted, the expanded credit and retroactive applicability would take effect immediately
Compiled from official sources — confirm details with the bill’s official record.
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