Posted by BOE Member George Runner at 10:52 am on Sep 29, 2014 Comments Off on Governor Signs Runner-Sponsored Bill to Help Disabled Veterans
Legislation I sponsored to protect California’s disabled
veterans has become law. Senate
Bill 1113, authored by Senator Steve Knight (R-Antelope
Valley), passed the Legislature with unanimous, bipartisan support,
and has been signed by Governor Brown.
This new law will help those who bravely served our country.
Bureaucratic delays will never again rob veterans of the tax
benefits that are rightfully theirs.
Under California law, veterans who receive a 100% disability
rating from the U.S. Department of Veterans Affairs (VA) may be
eligible for a property tax exemption on the value of their home up
to $124,932 or $187,399 in 2014 and equivalent amounts adjusted for
inflation in future years. The exemption starts on the date of
disability and disabled veterans may claim a refund for up to four
years of back taxes paid.
Unfortunately, due to VA backlogs, some veterans have had to
wait more than four years to receive their disability rating
certifications. As a result, they’ve missed out on thousands of
dollars in property tax refunds to which they were entitled and
anticipated… Read More