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Bill > HB5811
MI HB5811
MI HB5811Taxation: state real estate transfer; state real estate transfer tax; repeal. Repeals 1993 PA 330 (MCL 207.521 - 207.537).
summary
Introduced
06/12/2024
06/12/2024
In Committee
06/12/2024
06/12/2024
Crossed Over
Passed
Dead
12/31/2024
12/31/2024
Introduced Session
102nd Legislature
Bill Summary
A bill to repeal 1993 PA 330, entitled"State real estate transfer tax act,"(MCL 207.521 to 207.537).
AI Summary
This bill repeals the State Real Estate Transfer Tax Act of 1993 (MCL 207.521 - 207.537), which imposed a tax on real estate transfers in Michigan. The bill also includes an enacting section stating the intent of the legislature to annually appropriate sufficient funds from the state general fund to the state school aid fund to fully compensate for any loss of revenue resulting from the repeal of the real estate transfer tax.
Committee Categories
Budget and Finance
Sponsors (22)
Donni Steele (R)*,
Joe Aragona (R),
Matthew Bierlein (R),
Cam Cavitt (R),
Nancy DeBoer (R),
Jay DeBoyer (R),
Jaime Greene (R),
Gina Johnsen (R),
Tom Kuhn (R),
Tom Kunse (R),
David Martin (R),
Luke Meerman (R),
Jerry Neyer (R),
Angela Rigas (R),
J.R. Roth (R),
Kathy Schmaltz (R),
Bill Schuette (R),
Alicia St. Germaine (R),
Jamie Thompson (R),
Mark Tisdel (R),
Doug Wozniak (R),
Dale Zorn (R),
Last Action
Bill Electronically Reproduced 06/12/2024 (on 06/13/2024)
Bill Topics
Community Development and Housing Issues
- ‐ Housing and Real Estate Finance
Education
- ‐ Elementary and Secondary Education
Macroeconomics
- ‐ Taxation, Tax Policy, and Tax Reform
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 | https://legislature.mi.gov/Bills/Bill?ObjectName=2024-HB-5811 | 06/12/2024 |
| BillText | https://legislature.mi.gov/documents/2023-2024/billintroduced/House/htm/2024-HIB-5811.htm | 06/12/2024 |
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