OH HB40

Doubles the enhanced homestead exemption for disabled veterans with total income at or below $125,000 (as adjusted for inflation) from $50,000 to $100,000 of true property value

Disabled veterans with income exceeding $125,000 continue to receive the current $50,000 exemption amount

Surviving spouses of disabled veterans qualify for the same tiered exemption based on their own total income level

Applies to real property taxes beginning tax year 2025 and manufactured home taxes beginning tax year 2026

Amends Ohio Revised Code sections 323.152 and 4503.065, harmonizing changes from H.B. 33 and S.B. 43 of the 135th General Assembly