CA SB1458

Expands the definition of "veteran" eligible for disabled veterans' property tax exemptions to include those discharged in other than dishonorable conditions (rather than only honorable discharge) who are determined by the U.S. Department of Veterans Affairs to be eligible for federal veterans' health and medical benefits, effective for tax lien dates in 2017-18 fiscal year and thereafter.

Extends the correction period for errors on the property tax roll related to disabled veterans' exemptions from 4 years to 8 years after the assessment is made.

Extends the refund claim filing deadline for disabled veterans' exemption overpayments from 4 years to 8 years after payment, or within 60 days of specified notice, whichever is later.

Authorizes county tax collectors to refund overpaid taxes within 8 years after payment when the amount paid exceeds the amount due as a result of corrections related to disabled veterans' exemptions.

Clarifies that the state shall not reimburse local agencies for property tax revenues lost due to expanded disabled veterans' exemptions under this act.