MI HB5429

Expands homestead property tax exemption to include surviving spouses of disabled veterans who die before or after exemption is granted, provided they remain unremarried.

Adds surviving spouses receiving dependency and indemnity compensation under 38 USC 1310 as eligible individuals for homestead property tax exemption.

Restructures exemption eligibility into three categories: disabled veterans discharged honorably, surviving spouses of disabled veterans, and surviving spouses receiving federal dependency and indemnity compensation.

Requires individuals seeking exemption to file an affidavit with the local assessing officer during the tax assessment period through final board of review adjournment.

Removes obsolete language and reorganizes section 7b definitions to clarify terms including "disabled veteran," "service-connected disability," and "veteran."