Continues tax exempt status of certain real property owned by disabled veterans during reconstruction of homes destroyed by flood, storm, or other act of God.

This bill extends tax exemption for disabled veterans' homes destroyed by natural disasters. It applies to veterans declared 100% disabled by the VA due to service-connected conditions (like paralysis, blindness, or amputations), whose primary residences are destroyed by flood, storm, or other natural events. The exemption continues during reconstruction, provided substantial rebuilding begins within four years of the disaster. This prevents veterans from paying property taxes on their homes while rebuilding after events like Superstorm Sandy, maintaining their existing tax-exempt status for the property.