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Bill

A 74

Establishes a real property tax exemption for veterans with a 100 percent service connected disability

2025 Regular Session Introduced by Khaleel Anderson and 36 co-sponsors

Bill A 74 offers a full property tax exemption for veterans with a 100% service-connected disability, easing their financial burden on primary residences.

SUBSTITUTED BY S1183
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WeVote Research Nonpartisan
Bill Summary · A 74

Summary of Bill A 74: Real Property Tax Exemption for Veterans

Purpose and Intent

Bill A 74 aims to establish a real property tax exemption specifically for veterans who have been designated with a 100 percent service-connected disability. The intent of this legislation is to provide financial relief to veterans who have sacrificed for their country and may face economic challenges due to their disabilities.

Key Provisions

  • Tax Exemption: The bill proposes a full exemption from real property taxes for veterans with a 100 percent service-connected disability. This exemption would apply to the veteran's primary residence.
  • Eligibility Criteria: To qualify for the exemption, veterans must provide documentation proving their 100 percent service-connected disability status.
  • Implementation: The bill outlines the process for veterans to apply for the exemption, including necessary forms and deadlines.

Affected Parties

  • Veterans: The primary beneficiaries of this bill are veterans with a 100 percent service-connected disability. This exemption is intended to alleviate their financial burden related to property taxes.
  • Local Governments: Municipalities that rely on property tax revenue may experience a decrease in tax income due to the implementation of this exemption. The bill may require local governments to adjust their budgets accordingly.

Legislative Timeline and Actions

  • Introduced: January 08, 2025
  • Key Legislative Actions:
    • February 25, 2025: Reported and referred to the Ways and Means Committee.
    • May 15, 2025: Amended and recommitted to Ways and Means; printed as number 74A.
    • May 27, 2025: Reported and referred to Rules.
    • June 10, 2025: Amended by restoring to original print 74.
    • June 17, 2025: Ordered to third reading; reported; substituted by S1183.

Related Legislation

  • S 1183: This bill serves as a companion to A 74 and may contain similar provisions or amendments.
  • Prior Session Bills: A 6839, A 681, and A 2965 are related bills from previous sessions that may have addressed similar issues regarding veterans and property tax exemptions.

Conclusion

Bill A 74 represents a significant step towards supporting veterans with disabilities by providing them with a financial reprieve from property taxes. The bill's progression through the legislative process indicates ongoing discussions about the best ways to support those who have served in the military. As it has been substituted by S1183, stakeholders should monitor the developments of the companion bill for any changes or updates regarding the proposed tax exemption.

Compiled from official sources — confirm details with the bill’s official record.

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