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CA SB658
Bill
AI Summary
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Extends property tax exemptions for disabled veterans to include partially disabled veterans, effective for property tax lien dates on or after January 1, 2022.
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Provides partial exemptions equal to the veteran's disability rating percentage as determined by the U.S. Department of Veterans Affairs or military service, applied to the existing $100,000 or $150,000 exemption amounts.
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Classifies "partially disabled" as a disability rating of less than 100 percent by the U.S. Department of Veterans Affairs or the veteran's military service.
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Specifies that the state shall not reimburse local agencies for property tax revenues lost due to the exemption, and provides for state mandate reimbursement procedures if the Commission on State Mandates determines costs are mandated by the state.
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Takes effect immediately as a tax levy.
Legislative Description
Property tax: exemptions: disabled veterans.
Last Action
Returned to Secretary of Senate pursuant to Joint Rule 56.
2/1/2022