MI HB6434

Removes the requirement that disabled veterans must have been discharged from the Armed Forces under honorable conditions to initially qualify for the homestead property tax exemption, but adds this as a definitional requirement for "disabled veteran" status.

Allows individuals to file for the homestead exemption before purchasing a property, with the assessing officer required to issue a preliminary approval or denial letter within 15 business days.

Grants automatic exemption for a homestead after purchase if the individual received a preliminary approval letter, without requiring a new application.

Allows individuals with preliminary denials to have their application reconsidered by the board of review when they become homestead owners, without refiling.

Updates terminology to reference the "Department of Veterans Affairs" and clarifies that exemptions continue for unremarried surviving spouses of disabled veterans.