AN ACT relating to a property tax homestead exemption for disabled veterans.

Create a new section of KRS Chapter 132, relating to state and local property taxes, to establish a new homestead exemption for veterans with a service-connected disability; establish requirements for the exemption; allow the permanent residence of a veteran's surviving spouse to continue to receive the exemption; require the Department of Revenue to prescribe forms and an application process for the exemption; apply the exemption to state, county, city, and special district taxes; allow mobile…

Introduced: February 18, 2025

Last action: February 21, 2025

To Appropriations & Revenue (H)

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This bill would create a new property tax exemption for Kentucky veterans who have a service-connected disability, reducing or eliminating property taxes on their primary residence. The exemption would also continue for a surviving spouse after the veteran's death, and would apply to taxes collected by the state, counties, cities, and special districts. It would take effect for properties assessed starting January 1, 2026. Who it may affect: disabled veterans with a service-connected disability, their surviving spouses, and local taxing authorities across Kentucky.

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