ID H0120

Allows veterans with 100% service-connected disability or individual unemployability rating compensation at 100% to transfer property tax reduction or occupancy tax reduction benefits when changing residences after April 15, provided they notify the state tax commission before October 1.

Requires the state tax commission to notify county officials to transfer tax reduction benefits to the qualifying property when all transfer conditions are met.

Expands the special property tax reduction for disabled veterans under Section 63-705A to allow transfer of the $1,320 annual reduction (or actual taxes, whichever is less) when a qualified veteran changes homestead after April 15 but before October 1.

Allows surviving spouses of qualified veterans who die after applying for the special tax reduction to continue receiving the benefit until they remarry, die, or no longer have property tax levied on the homestead.

Declares the act an emergency, making it effective upon passage and approval.