CA AB2314

Expands property tax exemption eligibility for disabled veterans to include those who had not yet received a disability rating from the U.S. Department of Veterans Affairs (USDVA).

Allows canceled or refunded taxes, interest, and penalties on the portion of assessed property value that would have been exempt, subject to cancellation and refund limitation periods.

Extends the filing deadline for claiming the disabled veterans' exemption to the later of 90 days after receiving a qualifying disability rating from the USDVA or the next following lien date.

Makes the disabled veterans' exemption retroactively applicable to the effective date of the disability rating as determined by the USDVA.