LANSING— Legislation designed to ease the costs of homeownership for Michigan’s disabled veterans and their spouses was approved by the Senate Finance Committee on Wednesday, said sponsor state Sen. Dave Hildenbrand.
Senate Bill 352 would simplify and broaden the current property tax exemption provided to these brave men and women.
“Michigan’s disabled veterans have served our state and nation valiantly and selflessly,” said Hildenbrand, R-Lowell. “We owe our freedom to these individuals and should provide the tax relief necessary for them to be successful homeowners. This legislation improves the current property tax exemption by streamlining the process and guaranteeing this benefit for these veterans and their spouses.”
Hildenbrand was first alerted to the need to revise the existing law when he was contacted by the widow of a disabled veteran who had been denied this property tax exemption. Due to the interpretation of the existing state law by both the local unit of government and the Michigan Tax Tribunal it was clear that changes were needed.
“There are roughly 82,000 disabled veterans living in Michigan,” Hildenbrand said. “We must ensure that our veterans are treated with open arms once they return home to Michigan. Many times the disability they received in battle makes gainful employment difficult – if not impossible. This exemption recognizes that fact and provides critical financial assistance that can be used to make homeownership a reality for these veterans.”