CA SB1073

Extends the disabled veterans' property tax exemption to partially disabled veterans beginning January 1, 2023, with the exemption amount proportional to their VA disability rating percentage

Currently, only veterans who are blind in both eyes, have lost use of two or more limbs, or are totally disabled (100% rating) qualify for exemptions of $100,000-$150,000 on their principal residence

A veteran with a 50% disability rating would receive 50% of the full exemption amount; a 70% rating would receive 70% of the exemption

The higher $150,000 exemption applies to households with income not exceeding $40,000 (adjusted annually for inflation)

The state will not reimburse local agencies for lost property tax revenues resulting from this expansion