SB 165 Summary

• Allows deceased veterans' surviving spouses to claim property tax deductions if the veteran met eligibility requirements at death and the spouse owns the property when filing, regardless of who owned it before the veteran's death.

• Requires surviving spouses who first apply for the deduction after 2012 to own the property as their homestead in order to qualify.

• Increases the assessed value cap for veterans with total disability or 10% disability and age 62+ from $143,160 to $195,600.

• Clarifies documentation requirements for surviving spouses to provide proof that the deceased veteran satisfied disability and service requirements at time of death.

• Effective July 1, 2013 for assessment dates after December 31, 2012.