DE SB186

Creates a "Disabled Veteran School Tax Refund Fund" with $3,000,000 in annual funding to provide property tax refunds to qualified disabled veterans.

Establishes refund amounts based on disability rating: $200 for 10-20% disability, $350 for 30-50% disability, and $500 for 60% or greater disability as determined by the U.S. Department of Veterans Affairs.

Requires qualified individuals to own and occupy property as their principal residence, be legally domiciled in Delaware, and file applications by April 30 prior to the tax year.

Permits individuals eligible for both the veteran refund and the over-65 age-based tax credit to claim only the greater benefit, not both.

Effective for tax years beginning on or after April 30, 2016, with refund claims processed by county tax receivers and funded through the Department of Finance.