Provides additional tax exemptions for two qualified veterans living in the same household

Bill S 8057 provides additional real property tax exemptions for homeowners where two or more qualified veterans live in the same household. It amends existing law to allow for these new exemptions, which are layered on top of current veteran tax benefits. For general qualified veterans, an additional exemption of up to 7.5% of the assessed property value, not exceeding $6,000, may apply. Combat veterans in multi-veteran households could receive an additional exemption of up to 5%, not exceeding $4,000. These additional exemptions must be adopted by local governing bodies through a local law, ordinance, or resolution after a public hearing.