MI SB0006

Expands property tax exemptions to include residential and agricultural real property owned as a homestead by disabled veterans, unremarried surviving spouses of disabled veterans, and unremarried surviving spouses of Michigan veterans who died from service-connected causes.

Defines "disabled veteran" as a legal resident who either: (i) is determined by the U.S. Department of Veterans Affairs to be permanently and totally disabled at the 100% rate; (ii) has a certificate for pecuniary assistance for specially adapted housing; or (iii) is rated as individually unemployable.

Allows joint ownership or co-ownership of exempt property between a disabled veteran and their spouse, children, or adopted children, expanding beyond sole ownership provisions.

Requires claimants to file an annual affidavit with the local tax collecting unit on a state tax commission form by June 1 or November 1 to claim the exemption, with exemption status determined on the filing date rather than the standard tax day.

Provides state reimbursement to local tax collecting units whose total tax collections are reduced by more than 5% due to exemptions granted under this section, upon appropriation.