A bill for an act relating to the disabled veteran homestead tax credit and including effective date and retroactive applicability provisions.

Also relevant to:Veteran / service member Homeowner

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Plain-English Summary

This bill expands eligibility for the disabled veteran homestead tax credit. Beginning in fiscal year 2027, veterans with a 70% or higher disability rating will qualify for a credit based on their disability percentage. This threshold will lower to 40% in fiscal year 2028 and 10% in fiscal year 2029. The bill takes effect immediately and applies retroactively to claims filed on or after January 1, 2026.

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