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MI HB5874

MI HB5874
Taxation: state real estate transfer; state real estate transfer tax; repeal. Repeals 1993 PA 330 (MCL 207.521 - 207.537).


summary

Introduced
04/22/2026
In Committee
06/02/2026
Crossed Over
05/20/2026
Passed
Dead

Introduced Session

103rd 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, which means it would eliminate the tax that was previously levied on real estate transfers in Michigan. The bill also specifies that it will become law 90 days after being enacted, but only if another bill, House Bill No. 5880 of the 103rd Legislature, is also passed into law. Furthermore, it expresses the legislature's intention to use funds from the state's general fund to make up for any revenue lost to the state school aid fund, which is a fund dedicated to supporting public education, as a result of repealing this real estate transfer tax.

Committee Categories

Government Affairs

Sponsors (17)

Last Action

Referred To Committee On Government Operations (on 06/02/2026)

Bill Topics

Education
  • ‐ Elementary and Secondary Education
Macroeconomics
  • ‐ Taxation, Tax Policy, and Tax Reform

bill text


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