HB2803 Summary

• Expands the veteran disability homestead exemption to surviving spouses of veterans killed in the line of duty beginning with the 2015 taxable year.

• Starting with taxable year 2021, extends the exemption to surviving spouses of veterans who would have qualified but did not obtain the exemption before death, and to spouses of veterans whose service-connected death qualifies them for Dependency and Indemnity Compensation from the U.S. Department of Veterans Affairs.

• Surviving spouses certified as current recipients of Dependency and Indemnity Compensation receive the full property exemption (equivalent to veterans with 70% or more service-connected disability).

• Surviving spouses may transfer the exemption to a new residence if they sell the property, provided they use it as their primary residence and do not remarry.

• Exemption amounts based on disability rating: $2,500 for 30-50% disability, $5,000 for 50-70% disability, and full exemption for 70% or higher disability rating.