WA
Washington House Bill HB1862

Washington 2023-2024 Regular Session

Washington House Bill HB1862

Introduced
1/8/24  
Refer
1/8/24  
Report Pass
1/18/24  
Refer
1/22/24  
Engrossed
2/15/24  
Refer
2/16/24  
Report Pass
2/23/24  
Enrolled
3/6/24  
Chaptered
3/18/24  

Caption

Providing tax exemptions for the assistance of disabled veterans and members of the armed forces of the United States of America.

Impact

If enacted, HB 1862 would directly impact state tax laws by introducing stipulations for tax exemptions applicable to disabled veterans and military personnel. This could lead to a significant shift in financial responsibilities within the state’s revenue system as these exemptions may reduce the amount collected from certain veteran demographics. Supporters believe that this measure would promote increased financial stability among those who have served in the military, thereby contributing positively to the local economy.

Summary

House Bill 1862 proposes tax exemptions specifically for disabled veterans and members of the armed forces in the United States. The bill aims to alleviate financial burdens on these individuals by providing them with exemptions that can assist in their transition to civilian life and enhance their overall quality of life. The proponents of this bill argue that such financial support is crucial for honoring the sacrifices made by veterans and active service members, particularly those who have incurred disabilities while serving their country.

Sentiment

The sentiment surrounding HB 1862 is predominantly positive among legislators and veterans' advocacy groups. Supporters express a strong sense of duty and gratitude towards veterans, suggesting that the bill is a necessary step in acknowledging their contributions. However, there is also a cautionary note regarding the potential financial implications of the tax exemptions on state budgets, which some lawmakers have raised as a point of consideration during the discussions.

Contention

Notable points of contention revolve around concerns about budgetary impacts resulting from the proposed tax exemptions. Some lawmakers express a reluctance to support the bill due to worries that expanding tax exemptions could strain state resources, particularly in the context of funding for public services. There are discussions on finding a balance between providing necessary support for veterans and ensuring the state's financial health remains stable.

Companion Bills

No companion bills found.

Previously Filed As

WA LB10

Change motor vehicle and property tax exemptions for disabled veterans

WA SB5250

Concerning the senior and disabled veterans property tax exemption.

WA HB1560

Providing property tax relief by expanding eligibility for the senior citizen and disabled veterans' property tax exemption program.

WA LB547

Redefine disabled veteran for purposes of motor vehicle and property tax exemptions

WA HB1355

Updating property tax exemptions for service-connected disabled veterans and senior citizens.

WA LB1036

Provide for issuance of free annual combination fishing, fur-harvesting, and hunting permits, habitat stamps, aquatic habitat stamps, and Nebraska migratory waterfowl stamps to certain veterans and members of the armed forces of the United States

WA LB731

Provide for service by state agency department heads in reserve components of the armed forces of the United States

WA LB1404

Change membership of the Commission on African American Affairs and provide for a quorum

WA HB1179

Providing a property tax valuation freeze for senior citizens and disabled veterans.

WA HB2040

Concerning the recovery of the aged, blind, or disabled assistance program.

Similar Bills

No similar bills found.