The Senate on Tuesday approved legislation that would provide municipalities financial relief for providing military veterans’ property tax credits, while ensuring eligible veterans continue to receive the tax relief through the current process.
Senate Bills 783 and 1084 would maintain the same level of tax relief for 100% disabled veterans and would transform the benefit from a property tax exemption to an income tax credit to ease the burden on local governments. The process for eligible veterans to claim their credit would remain the same, while cities, villages, townships, and counties would get much-needed financial relief from the state.
The legislation now advances to the House for consideration next week when they are in session. We are actively engaging with legislators to secure passage and get this important legislation to the governor’s desk for signature.
Jennifer Rigterink is the League’s assistant director of state and federal affairs handling economic development, land use and municipal services issues. She can be reached at [email protected] or 517-908-0305