Increases the amount combat veterans shall be exempt from real property taxation to thirty-five percent

This bill increases the real property tax exemption for combat veterans from 10% to 35% of their property's assessed value. It directly affects veterans who served in combat zones and received specific military medals (like campaign ribbons or expeditionary medals). The exemption is capped at $40,000 or the equivalent based on local tax rates, whichever is lower. The change applies to properties assessed on or after January 1, 2026.