HB 5169 Summary

• Amends the definition of "eligible serviceperson," "eligible veteran," and "eligible widow or widower" to clarify plural usage and maintains income threshold of $7,500 per year unless receiving veterans administration disability compensation.

• Establishes a schedule of taxable values ranging from $2,500 to $4,500 for veterans and their families based on war period of service, disability status, and pension eligibility.

• Exempts veterans with 100% service-connected disabilities and their widows or widowers from homestead property tax credit income and resource limitations that apply to other claimants.

• Adjusts homestead property tax credit eligibility thresholds beginning in 2021 tax year: taxable value cap increases from $135,000 to indexed amounts, and minimum household resources threshold increases from $51,000 to indexed amounts, both adjusted annually by U.S. consumer price index.

• Repeals section 7b of the General Property Tax Act, 1893 PA 206 effective December 31, 2015.