SB3220 Summary

• Amends the disabled veterans standard homestead exemption under the Property Tax Code effective for taxable year 2014 and thereafter.

• Grants full property tax exemption to disabled veterans with a service-connected disability of 30% or more, as certified by the United States Department of Veterans Affairs.

• Maintains prior exemption amounts for taxable years prior to 2014: $5,000 annual exemption for 70%+ disability and $2,500 annual exemption for 50-69% disability.

• Continues exemption for surviving spouses who remain unmarried and reside in the veteran's homestead or for unoccupied property still owned by the qualifying veteran.

• Takes effect immediately upon becoming law.