Authorizes a homestead tax exemption for certain veterans, and to offset lost property tax revenue, increases the cigarette tax and subjects alternative nicotine products, vapor products, tobacco paraphernalia, and hemp-derived consumable products to an excise tax

This bill creates the "Gold Star Family Property Tax Relief Act," providing property tax exemptions for disabled veterans, Purple Heart recipients, and Gold Star spouses starting in 2027. It also establishes new taxes on hemp-derived consumable products and certain tobacco products, with revenue from these taxes going to a Veterans Property Tax Relief Fund. These measures aim to provide financial relief and support to veterans and their families.

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