Taxation and Revenue; Homestead ad valorum taxes of certain veterans prohibited from inclusion in debt-to-income ratio under certain circumstances
Take action
Record your position on this measure.
Create an account to record your position, submit testimony, or contact your legislator.
Progress
Where this bill stands in the legislative process.
- Introduced
- Passed Senate
- Passed House
- To Governor
- Became Law
Overview
This bill aims to help disabled veterans secure mortgages by preventing lenders from considering their homestead property taxes when calculating their debt-to-income ratio. It requires tax assessing officials to issue a tentative certificate of permanent and total disability to veterans with a 100% disability rating who purchase a home, provided they submit specific documentation. This certificate would then be used to exempt the veteran’s property taxes, and lenders are prohibited from factoring these taxes into debt-to-income calculations.
Bill text
Read the latest version inline or switch to a previous version.
Document of record
- Version
- Introduced
- Published
- Not published in the source record
This version is published only as a document. Open the viewer to read it here, or download the file.
Sponsors
Official sponsors from legislative records.
4 on record
Primary sponsor
Cosponsors
Arguments
Reasons offered for and against this legislation.
Arguments in favor
No arguments in favor have been submitted.
Submit yoursArguments opposed
No arguments opposed have been submitted.
Submit yours