MI HB5407

Expands the property tax exemption for surviving spouses to include those receiving Dependency and Indemnity Compensation (DIC) from the U.S. Department of Veterans Affairs under 38 USC 1310-1318, regardless of whether the deceased veteran was classified as a disabled veteran

Removes the requirement that surviving spouses of disabled veterans remain unmarried to maintain the property tax exemption

Allows surviving spouses under the new DIC provision to apply the exemption to any homestead property, including property acquired after the veteran's death

Requires surviving spouses under the new provision to hold legal title to the property solely in their name to qualify for the exemption

Amends Section 7b of the General Property Tax Act (MCL 211.7b) to add a third category of eligible individuals for the homestead property tax exemption