California SB888 expands property tax exemptions for disabled veterans and their surviving spouses.

California SB888 amends the Revenue and Taxation Code to expand property tax exemptions for disabled veterans and their surviving spouses. The bill exempts the principal residence of a disabled veteran from taxation up to $100,000, or $150,000 if the household income is $40,000 or less. The exemption also applies to the unmarried surviving spouse of a deceased veteran under certain conditions. The exemption amount is adjusted annually based on the California Consumer Price Index.

California SB888 expands property tax exemptions for disabled veterans and their surviving spouses.

California SB888 amends the Revenue and Taxation Code to expand property tax exemptions for disabled veterans and their surviving spouses. The bill exempts the principal residence of a disabled veteran from taxation up to $100,000, or $150,000 if the household income is $40,000 or less. The exemption also applies to the unmarried surviving spouse of a deceased veteran under certain conditions. The exemption amount is adjusted annually based on the California Consumer Price Index.