Taxation and Revenue; disabled veterans' homestead taxes inclusion in debt-to-income ratio under certain circumstances prohibited

What it does: This act is the Disabled Veterans Property Tax Debt-To-Income Ratio Exemption Act. This act: (1) requires tax assessing officials to issue a tentative certificate of exemption from ad valorem taxation for a homestead to veterans with a 100 percent disability rating and who qualify for a permanent ad valorem homestead exemption due to disability upon the veteran providing certain information; (2) prohibits settlement agents from considering homestead ad valorem taxes in determining a borrower's debt-to-income ratio upon receiving a tentative certificate; and (3) provides that a tentative… (official summary)

Question before the chamber: Motion to Read a Third Time and Pass

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