HF4057 Summary

• Changes the application deadline for disabled veterans homestead property tax exclusion from July 1 to November 1 of the first assessment year, effective for assessments beginning in 2018.

• Provides $150,000 property value exclusion for veterans with 70 percent or more service-connected disability and $300,000 exclusion for those with 100 percent permanent disability.

• Allows qualifying spouses of deceased disabled veterans to receive the $300,000 exclusion benefit for up to eight additional tax years if they maintain ownership and residency.

• Establishes special refund provision for veterans first notified of total permanent disability between July 1 and November 1, 2017, who did not meet prior application deadlines; allows refunds of taxes paid in 2017 and 2018 if application made by November 1, 2018.

• Permits eligible surviving spouses of service members who died from service-connected causes during active duty to receive the $300,000 exclusion for eight years.