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IN HB1174
Bill
Status
1/12/2015
Primary Sponsor
Charles Moseley
Click for details
AI Summary
House Bill 1174 Summary
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County fiscal bodies may adopt ordinances to extend the $18,720 property tax deduction to veterans who served in World War II (December 7, 1941 – December 31, 1946), the Korean Conflict (June 27, 1950 – January 31, 1955), or the Vietnam Conflict (August 5, 1964 – May 7, 1975), instead of limiting it to World War I veterans.
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County fiscal bodies may adopt ordinances to provide the $18,720 property tax deduction to surviving spouses of veterans from World War II, the Korean Conflict, and the Vietnam Conflict, equivalent to the current deduction available to surviving spouses of World War I veterans.
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All veterans and surviving spouses claiming deductions must receive an honorable discharge and meet property ownership or contract purchase requirements, with deductions applying to real property, mobile homes, and manufactured homes.
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If a county repeals a deduction ordinance, properties that qualified for the deduction immediately before repeal remain eligible as long as the owner and property otherwise qualify, despite the ordinance's repeal.
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The amendments apply to assessment dates after December 31, 2015, and become effective July 1, 2015.
Legislative Description
Property tax deductions for veterans and spouses. Authorizes the fiscal body of a county to adopt an ordinance to make the property tax deduction available under current law to World War I veterans available instead to veterans of World War II, the Korean Conflict, and the Vietnam Conflict. Authorizes the fiscal body of a county to adopt an ordinance to provide a property tax deduction to the surviving spouses of veterans of World War II, the Korean Conflict, and the Vietnam Conflict that is equivalent to the current property tax deduction for surviving spouses of World War I veterans. Provides
Last Action
First Reading: referred to Committee on Ways and Means
1/12/2015