October 5, 2022

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

Florida Business News

Florida Trend Video Pick

Humane Society of Tampa Bay waives adoption fees
Humane Society of Tampa Bay waives adoption fees

Humane Society of Tampa Bay waives adoption fees for dogs over 30 pounds to help clear shelter.

Video Picks | Viewpoints@FloridaTrend

Ballot Box

Apart from electing a new governor, what is your top voting issue in Florida's 2022 elections?

  • Inflation
  • The economy
  • Abortion
  • Gun policy
  • Immigration
  • Climate change
  • Education
  • Health care
  • Other (Please share your comments in the comment section below)

See Results

Florida Trend Media Company
490 1st Ave S
St Petersburg, FL 33701
727.821.5800

© Copyright 2022 Trend Magazines Inc. All rights reserved.