Increases property tax deductions for senior citizens, persons with disabilities, and veterans from $250 to $500.
This bill increases the annual property tax deductions for senior citizens, persons with disabilities, and veterans from $250 to $500. The increased deduction will take effect in 2024, contingent upon voter approval of constitutional amendments. The bill amends existing laws to reflect the new deduction amounts, ensuring that eligible residents receive the higher tax benefit.
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