Relates to allowing municipalities to accept retroactive applications for real property tax exemptions from certain veterans

This bill allows municipalities (cities, towns, or villages) to accept retroactive applications for property tax exemptions from veterans who already qualify but missed the original filing deadline. It permits local governments to create rules letting veterans apply for past exemptions, provided they would have qualified if they applied by the tax filing date and the application covers only the three years before the current filing date. Municipalities must hold a public hearing before adopting such rules. The policy directly affects veterans who were eligible for property tax exemptions but didn't file on time, enabling them to potentially reclaim tax payments for up to three prior years.