MI HB6401

Creates a new disabled veterans property tax credit for tax years beginning January 1, 2023, providing eligible disabled veterans, their widows/widowers of disabled veterans, and widows/widowers of veterans killed in action with a credit equal to 100% of property taxes on their homestead (up to a $2,000.00 maximum, adjusted annually for inflation).

Requires disabled veterans to file an affidavit with their local tax collecting unit authorizing it to claim the credit on their behalf, with the state providing direct payment to the local unit within 14 days of receiving required documentation.

Excludes disabled veterans who claim the new section 521 credit from eligibility under the existing homestead property tax credit in section 520.

Protects the disabled veterans credit payment from interception, execution, levy, attachment, garnishment, or offset against other debts owed to the state.

Makes technical corrections to sections 520, 522, and 524, including updating terminology from "consumer price index" to "Consumer Price Index" and adjusting cross-references.