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Bill > HB5133
MI HB5133
MI HB5133Property tax: senior citizens; property tax exemption for certain senior citizens; provide for. Amends 1893 PA 206 (MCL 211.1 - 211.155) by adding sec. 7yy. TIE BAR WITH: HB 5134'23
summary
Introduced
10/12/2023
10/12/2023
In Committee
10/12/2023
10/12/2023
Crossed Over
Passed
Dead
12/31/2024
12/31/2024
Introduced Session
102nd Legislature
Bill Summary
A bill to amend 1893 PA 206, entitled"The general property tax act,"(MCL 211.1 to 211.155) by adding section 7yy.
AI Summary
This bill proposes to amend the General Property Tax Act by adding a new section that would exempt property owned and occupied as a principal residence by senior citizens from property taxes, starting in 2024. Instead, these properties would be subject to a specific tax levied under the Senior Citizens Principal Residence Specific Tax Act. The bill defines "principal residence" and "senior citizen" as per the terms used in the Senior Citizens Principal Residence Specific Tax Act, and it will only take effect if a related bill (Senate Bill No. ____ or House Bill No. 5134) is also enacted into law.
Committee Categories
Budget and Finance
Sponsors (2)
Last Action
Bill Electronically Reproduced 10/12/2023 (on 10/17/2023)
Bill Topics
Macroeconomics
- ‐ Taxation, Tax Policy, and Tax Reform
Social Welfare
- ‐ Services for the Elderly and Senior Citizens
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location | Created |
|---|---|---|
| State Bill Page | http://legislature.mi.gov/doc.aspx?2023-HB-5133 | 10/12/2023 |
| BillText | http://www.legislature.mi.gov/documents/2023-2024/billintroduced/House/htm/2023-HIB-5133.htm | 10/12/2023 |
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