Property tax: exemptions; when to deny a disabled veteran’s exemption; clarify. Amends secs. 7b & 7c of 1893 PA 206 (MCL 211.7b & 211.7c)

This bill amends Michigan's property tax laws to clarify how disabled veterans and their surviving spouses qualify for tax exemptions on their homes. It establishes specific criteria for eligibility based on U.S. Department of Veterans Affairs ratings and outlines a streamlined process where exemptions granted after January 1, 2025, remain in effect without needing annual reapplication. The legislation also introduces an audit program to verify eligibility every three years and defines clear rules for prorating tax exemptions when property ownership changes during the year.