MI HB5449

Expands homestead property tax exemption to include surviving spouses of veterans or armed forces members who receive dependency and indemnity compensation from the U.S. Department of Veterans Affairs due to the decedent's death on active duty or from a service-connected disability.

Changes language in exemption application requirements from "either (a) or (b)" to "any" to encompass the new category of eligible surviving spouses.

Exemptions granted for taxes levied on or after January 1, 2025 remain in effect without requiring reapplication unless rescinded by the individual or denied by the assessor.

Clarifies that surviving spouses' exemptions (both under existing and new provisions) continue indefinitely as long as they do not remarry and apply to any homestead property acquired after the veteran's death.

Modifies property ownership definition to allow surviving spouses under the new category to hold legal title solely (rather than jointly) while remaining eligible for the exemption.