✔️ SB92
Authorize total property tax exemption-totally disabled veterans
Current Status: In Senate Committee (Ways and Means)
Summary
SB92 aims to provide a total property tax exemption for the homesteads of totally disabled veterans and their surviving spouses by amending sections 323.152 and 4503.065 of the Ohio Revised Code. The bill specifies eligibility and the conditions under which the property tax exemption would apply, ensuring that veterans and their surviving spouses are supported financially through this tax relief.
Rationale
The bill aligns with the LP and LPO principles of supporting veterans and promoting individual rights by reducing the financial burden of property taxes on disabled veterans and their families.
Risks and Concerns
- Potential loss of tax revenue for local governments due to exemptions.
- Implementation challenges in accurately determining eligibility.
- Increased demand for public services from exempt beneficiaries.