Bill > SB0485

This bill amends the Tax Reverted Clean Title Act to update reporting requirements and tax provisions for properties sold or conveyed by government entities. The bill requires both authorities and foreclosing governmental units to provide annual lists of properties sold or conveyed to local tax assessors by December 31st each year. It modifies the existing specific tax on eligible tax-reverted properties, ensuring that the tax is collected similarly to regular property taxes, with 50% of the tax revenue distributed to various local government entities and 50% going to the authority that sold the property or would have received the property. The bill also specifies that for properties in school districts and intermediate school districts, portions of the tax may be redirected to the state school aid fund. Additionally, the bill clarifies that unpaid taxes on these properties can be returned as delinquent and potentially subject to foreclosure, similar to standard property tax delinquencies. The bill is contingent on the passage of a related Senate Bill, and it aims to provide more clarity and consistency in the handling of tax-reverted properties.

Housing and Urban Affairs

https://legislature.mi.gov/Bills/Bill?ObjectName=2025-SB-0485