MACo Associate Director Kevin Kinnally testified before the House Ways & Means Committee in opposition to HB 708 (CF SB 349) – Property Tax Exemption – Disabled Veterans. This bill would significantly expand an existing property tax exemption for disabled veterans and surviving spouses and could present significant carryover fiscal effects for counties.
From MACo Testimony:
Under current law, for a property tax exemption to be granted to a disabled veteran or surviving spouse, the disabled veteran must have a 100% service-connected disability. However, if the exemption was expanded to include veterans with at least an 80% service-connected disability, counties could lose up to $8 million of their most reliable revenue source by fiscal 2021, according to the bill’s fiscal note. This is county revenue sorely needed to fund education, public safety, infrastructure, and other essential services.
In general, MACo stands for local self-determination. Counties, led by their elected leaders who are directly accountable within the community, are in the best position to make decisions on local affairs – ranging from land use to budget priorities.
Follow MACo’s advocacy efforts during the 2020 legislative session on MACo’s Legislative Tracking Database.