TO ALLOW FOR PROPERTY OWNED BY A TRUST OR A LIMITED LIABILITY COMPANY TO QUALIFY AS A HOMESTEAD FOR PURPOSES OF THE PROPERTY TAX EXEMPTION FOR DISABLED VETERANS IN CERTAIN CIRCUMSTANCES.

Fiscal Impact Statement Bill: HB1809 Amendment Number: H1 Bill Subtitle: TO ALLOW FOR PROPERTY OWNED BY A TRUST OR A LIMITED LIABILITY COMPANY TO QUALIFY AS A HOMESTEAD FOR PURPOSES OF THE PROPERTY TAX EXEMPTION FOR DISABLED VETERANS IN CERTAIN CIRCUMSTANCES. --------------------------------------------------------------------------------------------------------------------------------------- Sponsors: Rep. Warren and Sen. McKee Basic Change: HB1809-H1 (engrossed 4/2/2025) provides an additional method for a disabled veteran, surviving spouse, and minor dependent children of a disabled veteran to claim the exemption from property tax on the disabled veteran's homestead. A disabled veteran is entitled to an exemption from property tax for the disabled veteran's homestead, which is defined to include up to 40 acres of contiguous real property. HB1809-H1 expands the exemption by allowing the property claimed as exempt to be owned by: • A revocable trust formed by the disabled veteran who is using the property as his or her principal place of residence; • An irrevocable trust for which the disabled veteran who uses the property as his or her principal place of residence is the benefici