Establishes a tax exemption for members of the federal reserve force of the United States military.

The bill amends the real property tax law to establish an exemption for members of the federal reserve force of the United States military, whether or not such member was ordered to active duty. Qualifying residential real property is exempt from taxation to the extent of ten percent of the assessed value, up to a maximum of eight thousand dollars. Local governments may adopt laws to adjust the exemption amount.

Establishes a tax exemption for members of the federal reserve force of the United States military.

The bill amends the real property tax law to establish an exemption for members of the federal reserve force of the United States military, whether or not such member was ordered to active duty. Qualifying residential real property is exempt from taxation to the extent of ten percent of the assessed value, up to a maximum of eight thousand dollars. Local governments may adopt laws to adjust the exemption amount.