LD 1042 LR 1721(02)
An Act To Exempt Disabled Veterans from Property Taxes in Accordance with Their Disability Ratings
Fiscal Note for Bill as Amended by Committee Amendment " "
Committee: Taxation
Fiscal Note Required: Yes
Fiscal Note
FY 2019-20 FY 2020-21 Projections  FY 2021-22 Projections  FY 2022-23
Net Cost (Savings)
General Fund $0 $0 $540,000 $675,000
General Fund $0 $0 $540,000 $675,000
Fiscal Detail and Notes
This bill expands the current disabled veterans' property tax exemption to include individuals who do not qualify because of age or service requirements.  The Department of Administrative and Financial Services will require an ongoing General Fund appropriation of $540,000 beginning in fiscal year 2021-22 to reimburse municipalities for 100% of the reduced property tax revenue.