HB2535 provides a homestead tax exemption for certain veterans and Gold Star spouses, and increases cigarette tax while imposing new taxes on.
HB2535 introduces a homestead tax exemption for disabled veterans, Purple Heart recipients, and Gold Star spouses, with the exemption amount varying based on the veteran's disability rating. This bill also increases the cigarette tax and imposes new taxes on alternative nicotine products, vapor products, tobacco paraphernalia, and hemp-derived consumable products. The revenue generated from these taxes is intended to offset lost property tax revenue for counties and cities due to the exemptions granted.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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