AB135

Existing law exempts from property taxes $1,000 of the assessed valuation of property, adjusted each fiscal year using the Consumer Price Index, in which a surviving spouse who is a resident of this State has an interest. (NRS 361.080) Existing law also exempts from property taxes $2,000 of the assessed valuation of property, as adjusted each fiscal year using the Consumer Price Index, in which a veteran who served on active duty under certain circumstances has an interest. (NRS 361.090) Section 1 of this bill expands this exemption so that a person who is a resident of this State and is the surviving spouse of such a veteran is entitled to the veteran's exemption from property taxes. Under section 1, the surviving spouse of a veteran who receives the veteran's exemption from property taxes would not be entitled to an additional exemption under existing law for surviving spouses. Existing law provides a partial exemption from property taxes for a veteran with a permanent service-connected disability, or the surviving spouse of such a veteran, and prohibits a person who claims this partial exemption as a disabled veteran from obtaining the other property tax exemption otherwise allowable for a veteran. Existing law, however, provides that a person who qualifies as both a veteran and also the surviving spouse of a veteran with a permanent service-connected disability may claim both of the veterans' exemptions from property taxes. (NRS 361.091) Section 2 of this bill