Senator Stone's Bill to Provide Tax Relief for Veterans Moves Forward

Thursday, April 25, 2019

(Sacramento, CA) – The Senate Committee on Veterans Affairs unanimously passed legislation authored by Senator Jeff Stone (R-Riverside County) to provide needed and deserved tax relief to those who have worn this nation’s uniform and served it faithfully.

Senate Bill 364 – the Veterans Tax Relief Bill – previously received unanimous support in the Senate Committee on Governance and Finance.

Senator Stone’s bill would cap property taxes on the primary residence of all honorably discharged veterans over the age of 65 and exempt the property tax of 100 percent disabled veterans living in their primary residence.

“By expanding the current property tax exemption, California is honoring the sacrifices of our veterans and providing them a way to stay in their homes,” Senator Stone told the committee.

In 2018 California had 10,836 homeless veterans.

“Senate Bill 364 provides a basic step in helping our veteran community,” Senator Stone told the committee.  “Veterans have sacrificed for our country and, in return, local, state and federal governments need to do everything in their power to help them succeed.”

The bill now moves to the Senate Committee on Appropriations.

Watch the video here: