Taxation and Revenue; Homestead ad valorum taxes of certain veterans prohibited from inclusion in debt-to-income ratio under certain circumstances

Summary

The bill would let veterans with a full (100%) disability rating obtain a temporary certificate confirming exemption from homestead ad valorem taxes before purchasing a home. Settlement agents and loan officers would be prohibited from including those taxes when calculating the veteran’s debt‑to‑income ratio. The change is intended to ease mortgage qualification for disabled veterans.

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