MI HB5010

Clarifies language in the disabled veteran homestead property tax exemption by changing "shall" to "is" and updating terminology (e.g., "Armed Forces" capitalization, "individual" instead of "person").

Requires local tax collecting units to report detailed information to the Department of Treasury for each disabled veteran exemption granted, including copies of affidavits, board of review resolutions, parcel identification numbers, taxable values, and millage information.

Mandates local tax collecting units to provide the Department of Treasury with a list of individual local taxing units and beneficiary entities entitled to reimbursement, along with the amount each entity expects to receive based on foregone taxes and refunds.

Extends the disabled veteran exemption to unremarried surviving spouses of deceased disabled veterans, allowing them to claim the exemption if they meet the filing requirements and remain unremarried.

Takes effect only if Senate Bill No. ____ or House Bill No. 5009 (request no. 00641'21) of the 101st Legislature is enacted into law.