Bill
HB 6718
Overview: HB 6718, AN ACT EXPANDING THE SCOPE OF VETERANS PROPERTY TAX EXEMPTIONS, has been referred to the Joint Committee on Veterans' and Military Affairs. The bill was introduc
Overview: HB 6718, AN ACT EXPANDING THE SCOPE OF VETERANS PROPERTY TAX EXEMPTIONS, has been referred to the Joint Committee on Veterans' and Military Affairs. The bill was introduced on January 24, 2025.
Purpose and Intent: The primary goal of this bill is to expand the existing property tax exemption program for veterans in the state. The intent is to provide greater financial relief and support for veterans and their families, particularly those with service-connected disabilities or low incomes.
Key Provisions:
- Increases the maximum property tax exemption amount from $2,000 to $3,500 for eligible veterans
- Extends the exemption to include the surviving spouses of deceased veterans
- Expands eligibility criteria to include veterans with service-connected disabilities, regardless of their discharge status
- Provides an additional exemption for veterans with low incomes or those living in high-cost housing markets
Affected Parties and Impacts: The bill would directly benefit veterans and their families by reducing their property tax burden. It aims to alleviate financial hardships and provide greater support for those who have served in the military, particularly those with service-connected disabilities or limited financial resources.
Procedural and Timeline Considerations: The bill has been referred to the Joint Committee on Veterans' and Military Affairs for further review and consideration. If passed, the state would need to update its property tax exemption program and associated administrative processes.
Compiled from official sources — confirm details with the bill’s official record.
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