House Military and Veterans' Affairs Hearing
Room 429 at 13:00:00
Under existing law, the homesteads of residents of this state who are over 65 years of age or who are retired due to permanent and total disability, including disabled veterans with a 100 percent disability rating, are exempt from all state ad valorem taxes.
Also under existing law, those individuals are granted a certificate of permanent and total disability by the Commissioner of Revenue as evidence of this exemption.
This bill would require a tax assessing official to issue tentative certificates of permanent and total disability to disabled veterans with a 100 percent disability rating upon the submission of certain information.
This bill would also prohibit settlement agents and loan closing officers from considering ad valorem taxes for homesteads when calculating these veterans' debt-to-income ratio upon receiving a tentative certificate.
Pending Senate Finance and Taxation General Fund
Read for the first time and referred to the Senate Committee on Finance and Taxation General Fund
Motion to Read a Third Time and Pass - Adopted Roll Call 68
Third Reading in House of Origin
Read for the Second Time and placed on the Calendar
Reported Out of Committee House of Origin
Pending House Military and Veterans' Affairs
Read for the first time and referred to the House Committee on Military and Veterans' Affairs
Prefiled
Room 429 at 13:00:00
Source: Alabama Legislature