HF 903 Summary

• Changes the market value exclusion for veterans with total (100 percent) and permanent disabilities from a fixed $300,000 amount to 100 percent of market value exclusion.

• Maintains the $150,000 market value exclusion for veterans with service-connected disabilities of 70 percent or more.

• Requires veterans to have honorable discharge from U.S. armed forces and disability certification from the U.S. Department of Veterans Affairs to qualify for the exclusion.

• Allows surviving spouses of qualifying veterans to continue receiving the property tax exclusion on the same or different property if they meet specified conditions and do not remarry or sell the property.

• Effective for assessment year 2023 and thereafter.