Relating to: reducing the eligibility threshold to claim the veterans and surviving spouses property tax credit. (FE)

SB 664 lowers the disability rating requirement for veterans and surviving spouses to qualify for the state property tax credit. Previously, claimants needed a 100% service-connected disability rating; this bill reduces that threshold to 70% or higher. It also creates a new provision allowing the credit amount to be calculated as a percentage of the full credit based on the veteran's actual disability rating (e.g., a 70% rating would yield 70% of the full credit). The bill directly affects veterans and surviving spouses with service-connected disabilities rated between 70% and 99%, who now qualify for a proportional tax credit. The change applies to taxable years beginning in the year the bill takes effect.