❌ HB40
Increase disabled veteran enhanced homestead exemption
Summary
This bill amends sections 323.152 and 4503.065 of the Revised Code to increase the enhanced homestead exemption for certain disabled veterans, allowing for greater tax reductions based on income thresholds and property values. It specifies eligibility criteria for disabled veterans and their surviving spouses, detailing the calculation of tax reductions and the timeline for implementation starting in tax year 2025. The bill also includes provisions for adjustments to income thresholds and reduction amounts based on economic indicators.
Rationale
The bill increases government intervention in property taxation and provides specific benefits to a group based on their veteran status, which conflicts with the Libertarian principles of minimal government and equal treatment under the law. Both the LP and LPO platforms emphasize individual rights and oppose government favoritism, leading to low alignment scores.
Risks and Concerns
- Increases government control over property taxation
- Creates potential for cronyism by favoring specific groups
- May set a precedent for further exemptions that complicate tax law