Florida S0450 amends ad valorem tax exemption rules for disabled veterans and surviving spouses of first responders.

Florida S0450 amends the ad valorem tax exemption rules for disabled veterans and surviving spouses of first responders. It removes a limitation on the value of a tax exemption that a surviving spouse could transfer to a new residence. The exemption carries over to the benefit of the veteran’s surviving spouse as long as the spouse holds the legal or beneficial title to the homestead, permanently resides thereon, and does not remarry.

Florida S0450 amends ad valorem tax exemption rules for disabled veterans and surviving spouses of first responders.

Florida S0450 amends the ad valorem tax exemption rules for disabled veterans and surviving spouses of first responders. It removes a limitation on the value of a tax exemption that a surviving spouse could transfer to a new residence. The exemption carries over to the benefit of the veteran’s surviving spouse as long as the spouse holds the legal or beneficial title to the homestead, permanently resides thereon, and does not remarry.