SB 955
Provides, for purposes of ad valorem property taxation, a specially assessed value for the owner-occupied primary residences of veterans and surviving spouses of veterans.
| Status | In Senate Committee (SFR) |
| Sponsors | David Brock Smith (Republican) (Chief) |
| Fiscal impact | May have fiscal impact, but no statement yet issued |
| Revenue impact | May have revenue impact, but no statement yet issued |
Bill Text
Provides specially assessed property tax values for owner-occupied primary residences of veterans and their surviving spouses.
Overview#
Digest: The Act would grant a specially assessed property tax value for the homes of veterans and their spouses who outlive them. (Flesch Readability Score: 60.6). Provides, for purposes of ad valorem property taxation, a specially assessed value for the owner-occupied primary residences of veterans and surviving spouses of veterans. Disqualifies the residence for the special assessment on the death of the veteran, remarriage of the surviving spouse or sale of the residence. Takes effect on the 91st day following adjournment sine die.
Legislative History
| Date | Chamber | Action |
|---|---|---|
| 2025-01-28 | S | Introduction and first reading. Referred to President's desk. |
| 2025-01-28 | S | Referred to Finance and Revenue. |
| 2025-06-27 | S | In committee upon adjournment. |