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MI HB4379

MI HB4379
Property 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 4372'25


summary

Introduced
04/22/2025
In Committee
04/22/2025
Crossed Over
Passed
Dead

Introduced Session

103rd 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 a property tax exemption for senior citizens, specifically stating that for taxes levied after December 31, 2025, property owned and occupied as a principal residence by a senior citizen will be exempt from standard property tax collection. Instead, such properties will be subject to a specific tax under the Senior Citizens Principal Residence Specific Tax Act. The bill relies on the definitions of "principal residence" and "senior citizen" as defined in that specific act, and its implementation is contingent upon the passage of a companion bill (House Bill No. 4372). Importantly, this exemption does not completely eliminate taxes for senior citizens, but rather shifts the taxation mechanism to a specialized tax framework designed to provide potential financial relief for older homeowners.

Committee Categories

Budget and Finance

Sponsors (4)

Last Action

Bill Electronically Reproduced 04/22/2025 (on 04/23/2025)

bill text


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