HB 77

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 certificate of exemption becomes permanent upon a veteran purchasing a homestead.