UT
Utah House Bill HB0298

Utah 2023 Regular Session

Utah House Bill HB0298

Introduced
1/26/23  

Caption

Veteran Property Tax Amendments

Impact

If passed, the amendments would significantly alter how property taxes are applied to veterans in Utah, particularly those who are disabled. The bill increases the adjusted taxable value limit for exemptions, ensuring that more property value is shielded from taxation. This change is expected to have a substantial positive financial impact on qualifying veterans and their families, easing the burden of property tax liabilities and promoting housing stability among these individuals.

Summary

House Bill 298, known as the Veteran Property Tax Amendments, amends existing laws regarding property tax exemptions for veterans. The primary focus of this bill is to enhance the financial relief provided to disabled veterans by increasing the amount of taxable value eligible for exemption from property taxes. Furthermore, the bill allows veterans with a 100% permanent and total service-connected disability to choose between the existing exemption or a new option that grants them a full exemption on the taxable value of their primary residence.

Contention

While the bill has received support for its intention to aid veterans, it has also drawn criticism over its potential long-term impacts on local tax revenues. Some local governments have expressed concerns that the increase in exemptions could reduce funding for community services and infrastructure, as property taxes are a significant revenue source. This tension between aiding veterans and maintaining local funding has been a central point of discussion among lawmakers and community advocates.

Latest HB0298 Activity

Companion Bills

No companion bills found.

Similar Bills

UT HB0539

Veteran Property Tax Exemption

UT HB0020

Property Tax Code Recodification

KS SB300

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KS HB2636

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KS HB2074

Including homestead renters as eligible to participate in certain homestead property tax refund claims.

KS SB453

Excluding social security payments from household income and expanding eligibility related to increased property tax homestead property tax refund claims.

PA HB1328

Providing for veterans property tax rebate and rent rebate assistance; establishing the Veterans Property Tax Rebate and Rent Rebate Assistance Account; imposing penalties; and making a transfer.

PA HB236

Providing for veterans property tax rebate and rent rebate assistance; establishing the Veterans Property Tax Rebate and Rent Rebate Assistance Account; and making an appropriation.