Authorizes proportional property tax exemption for honorably discharged veterans having a service-connected permanent disability and proclaims that the State shall reimburse municipalities for cost of exemption.

This bill expands property tax exemptions for disabled veterans. It allows exemptions to be proportional to the veteran's disability rating, up to 100%, with a $10,000 cap for those with less than a 100% disability rating. The bill also provides a full exemption for veterans deemed unemployable due to their service-connected disability and removes specific medical conditions as eligibility requirements. Additionally, the state will reimburse local taxing districts for these exemptions.

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