SB 296: Property taxation: exemption: disabled veteran homeowners.

This bill would exempt from taxation the principal residence of a disabled veteran, their spouse, or the couple jointly, if the veteran is blind or has lost the use of two or more limbs due to military service. The exemption would apply to property tax lien dates between January 1, 2026, and January 1, 2036. To receive the exemption, certain documentation must be provided to the county assessor. The bill also prohibits other real property tax exemptions from being granted to the claimant if they receive this exemption. The state would not reimburse local agencies for lost property tax revenues due to this exemption.