Senate Bill 126
Senate Bill (S)
DIGEST
Property tax deduction for veterans with a disability. Provides that the $12,480 property tax deduction for certain veterans with a disability is phased out if the assessed value of the individual's property is more than $143,160 but not more than $195,600. Provides that an individual is not entitled to a deduction if the assessed value of the individual's property is more than $195,600. (Under current law, an individual is not entitled to any deduction if the assessed value of the individual's property is more than $143,160.)
Property tax deduction for veterans with a disability. Provides that the $12,480 property tax deduction for certain veterans with a disability is phased out if the assessed value of the individual's property is more than $143,160 but not more than $195,600. Provides that an individual is not entitled to a deduction if the assessed value of the individual's property is more than $195,600. (Under current law, an individual is not entitled to any deduction if the assessed value of the individual's property is more than $143,160.)
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