(Sacramento, CA) – The Senate Committee on Appropriations 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 – previously received unanimous support in the Senate Committee on Governance and Finance and the Senate Committee on Veterans Affairs.
Senator Stone’s bill would cap property taxes on the primary residence of all honorably discharged veterans over the age of 65.
“Many veterans who are, or will soon become, senior citizens served America during the Vietnam and Korean wars, a time when our nation often did not show these men and women the respect they deserved,” the Senator said. “As these men and women become senior citizens the least we can do is offer them the financial stability to allow them to stay in their homes that this legislation provides.”
Senate Bill 364 is similar to SB 1104 which the Senator introduced in 2016. That bill received bi-partisan support but was held in the Senate Appropriations Committee before it could be heard by the entire legislature.
“I’m an encouraged this year that members of the Legislature have stood up to support this common sense and compassionate legislation to bring tax relief to our veterans who have done so much for all of us,” said Senator Stone.
Senator Stone is urging all California Veterans, Veterans organizations and other interested residents to contact their State legislators to let them know they support SB 364.
The bill now moves to the full Senate for a vote.