TO AMEND THE DEFINITION OF "HOMESTEAD" FOR THE PURPOSE OF THE PROPERTY TAX EXEMPTION FOR DISABLED VETERANS, SURVIVING SPOUSES, AND MINOR DEPENDENT CHILDREN.

HB 1129 amends the definition of "homestead" to increase the maximum acreage eligible for a property tax exemption for disabled veterans, surviving spouses, and minor dependent children from 80 to 160 acres. This change directly affects qualifying veterans and their families by expanding the land size they can own while still receiving the tax exemption. The key provision modifies the acreage threshold in existing law, allowing more property to qualify under the exemption program. The bill was enacted as Act 407 on March 25, 2025, making this change effective immediately.