HB4043 Summary

• Veterans with a 100% service-connected disability rating, as certified by the U.S. Department of Veterans Affairs, are exempt from annual reapplication for the homestead exemption for veterans with disabilities.

• Surviving spouses of veterans with 100% service-connected disabilities who qualify under the existing provisions are also exempt from annual reapplication after initial approval.

• The homestead exemption amounts remain unchanged: $2,500 for 30-49% disability, $5,000 for 50-69% disability, and full property tax exemption for 70% or higher disability ratings.

• The bill becomes effective immediately upon passage.