Our bill to clarify existing tax law passed both the Senate and House chambers, and is now expected to receive the Governor’s signature this week. Once law, the legislation removes any ambiguity for active duty servicemen who try to claim the Principal Residence Exemption, which is a common property tax exemption already claimed by many homeowners.
Before the changes, the old law inadvertently neglected to state if servicemen can claim the Principal Residence Exemption while serving away from home. Our bill repairs this part of the law to make certain they can claim while serving.
The need for the bill was discovered when a service member from the 16th District contacted Sen. Shirkey for assistance sorting out a tax issue. Through this call we learned there was a real need to update the section of law on the Principal Residence Exemption as it pertains to active duty military. With SB 606 signed into law, it ensures that servicemen can file for this exemption, like others currently do, even while serving our country away from home.
The updated language in the law improves this tax filing process for those who sacrifice daily to serve us, saving them time and resources.