Senator Stone's bill to provide tax relief for Veterans passes first hurdle

Wednesday, March 27, 2019

(Sacramento, CA) – The Senate Committee on Governance and Finance today 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 – 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.

“A problem that is currently plaguing California is the amount of veterans who are homeless,” 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.”

Senate Bill 364 provides a basic step in helping our veteran community.

“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,” said Senator Stone.