Synopsis As Introduced Amends the Property Tax Code. In a Section concerning the homestead exemption for veterans with disabilities, provides that, for taxable years 2017 and thereafter, if the veteran has a service connected disability of 20% (currently, 30%) or more but less than 50%, then the annual exemption is $2,500. Provides that that exemption also applies to veterans who are not disabled but are over the age of 75. Removes a requirement that the homestead exemption for veterans with disabilities applies only to residences with an equalized assessed value of less than $250,000. Effective immediately.