Bill > HB5236

This bill modifies the definition of "homestead" and related tax provisions in Michigan's income tax law, focusing on clarifying how property is classified and taxed for property tax credit purposes. The bill makes several technical changes, including replacing the word "shall" with "is" throughout the text, and removing the word "residential" from certain property classifications. It adjusts how homesteads are defined, particularly for agricultural lands, specifying that for claimants who have lived on land for 10 or more years, all adjacent agricultural lands can be considered a homestead, while for those who have lived on the land less than 10 years, only up to 5 acres can be included. The bill also clarifies that mobile homes in trailer parks can be considered homesteads, with site rent treated as homestead rent. Additionally, the bill updates language around household income calculations, specifically noting that compensation received under the Wrongful Imprisonment Compensation Act is excluded from total household resources. These changes aim to provide more precise language and potentially expand property tax credit eligibility for certain landowners and residents.

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https://legislature.mi.gov/Bills/Bill?ObjectName=2025-HB-5236