New law offers tax relief to Gold Star spouses - - CBS19 News

RICHMOND, Va. (CBS19 NEWS) -- A new law gives local governments a way to help the families of U.S. Armed Forces members who died in the line of duty.

According to a release, the bill unanimously passed the House of Delegates and the state Senate.

The law lets localities offer tax relief to Gold Star Families.

“By taking care of our Gold Star Families, we honor the legacy of our service men and women, who gave their lives to protect our freedom,” said Youngkin. “This legislation enables local governments to give something back to families who have sacrificed so much on behalf of this country.”

The release says the new law gives localities the option to declare real property that is owned by a surviving spouse of a U.S. Armed Forces member who died in the line of duty as a separate class of property for local taxation purposes.

In order to qualify, the spouse must not be remarried and the service member’s death must be verified by the U.S. Department of Defense. The death of the military service member must also not be the result of criminal conduct.

The release says the tax must be greater than zero but less than the rate on the general class of real property.

The bill will go into effect on July 1 for the taxable years beginning on and after Jan. 1, 2022.

source: http://www.cbs19news.com/story/46227384/new-law-offers-tax-relief-to-gold-star-spouses

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