March 1, 2015

Tallahassee Trend - The Amendments

Florida Amendment 2 - Veterans Tax Relief

About 74,000 veterans would qualify for the tax break.

Amy Keller | 9/4/2012

Main Sponsors: Sen. Mike Bennett (R-Bradenton) and Rep. Doug Holder (R-Sarasota)

Title: Disabled Veterans Homestead Property Tax Credit

What It Does: Provides a homestead property tax exemption for qualifying disabled veterans that is equal to the veteran’s percentage of disability as determined by the U.S. Department of Veterans Affairs

Background: This amendment expands a previous tax discount for wounded veterans who were residents of Florida when they entered the military to all veterans disabled as a result of combat.

Proponents: The House and Senate

Opponents: No vocal opposition

Budget Impact: About 74,000 veterans may qualify for the benefit, according to the Florida Department of Veterans’ Affairs. The Revenue Estimating Conference estimates the proposal would reduce statewide receipts by about $15 million between 2013 and 2016, and $7.6 million annually after that. On the flip side, the tax break could help stimulate Florida’s housing industry.

» See all of Florida's 2012 Amendments here.

Tags: Politics & Law, Florida-Amendments-2012

Digital Access

DIRECT DIGITAL ACCESS
Add digital to your current subscription, purchase a single ditgital issue, or start a new subscription to Florida Trend.

TABLE OF CONTENTS
An overview of the features and articles in this month's issue of Florida Trend.

ACCESS THIS ISSUE »

Florida Business News

Florida Trend Video Pick

Brevard man finalist for one-way trip to Mars
Brevard man finalist for one-way trip to Mars

A Merritt Island man has advanced to the final round of 100 candidates vying to be selected as astronauts by the Mars One Foundation, which wants to establish a human settlement on the Red Planet in the next decade.

Earlier Videos | Viewpoints@FloridaTrend

Ballot Box

Gov Scott has proposed to increase funding to education, and half of those monies will come from property taxes. The debate is: A) is Scott's proposal a tax? Or, B) is Scott just using new monies that would come in because property values are increasing?

  • A) It's a tax
  • B) It's not a tax - only tapping natural increases in revenue

See Results

Ballot Box
Subscribe