Severely disabled veterans who earn no more than $100,000 are eligible for up to a 50% property tax credit, under legislation adopted by the Montgomery County Council Tuesday.
Veterans who have been determined to be between 50 and 74% disabled are eligible for a 25% tax credit. Veterans who are 75 to 99% disabled are eligible for a 50% credit.
Veterans who are 100% disabled due to service-connected causes currently are eligible for an exemption from property taxes.
Although pleased with the legislation, Councilmember Natali Fani-González said she was concerned that the $100,000 or less in federal adjusted gross income limit was too low. She said councilmembers “are planning to go to the General Assembly this fall to amend that at the state level.”
Disability percentages are determined by the U.S. Department of Veterans Affairs (VA) and are based on how much a disability interferes with a veteran’s daily life.
This bill would go into effect 91 days after it is signed by County Executive Marc Elrich.
In June, the Montgomery County Chamber of Commerce testified in favor of this, stating, “Montgomery County’s incentives and support for military veterans and retirees are not always competitive with other jurisdictions. It is imperative that Montgomery County continue to support military and disabled veterans by offering competitive tax credits and incentives to remain here and, if able, choose to be part of the local workforce or pursue entrepreneurial activities.”
Yesterday, @MOCOCouncilMD passed Bill 6-24, which aims to establish a property tax credit for disabled military veterans. Thank you to Councilmember @NataliFGonzalez for introducing this important legislation! Read our testimony: https://t.co/5z29VAsVzi #MCCCAdvocacy @winningvets pic.twitter.com/zdXxNFW1yS
— MCCCMD (@MCCCMD) July 31, 2024
