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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
04/22/2026
Crossed Over
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 transactions in Michigan. The bill also states that it will only take effect if another specific House Bill is also enacted, and it intends for the state to use funds from the general fund to make up for any lost revenue to the state school aid fund, which is a fund dedicated to supporting public education in Michigan, that might result from this repeal.

Committee Categories

Government Affairs

Sponsors (17)

Last Action

Bill Electronically Reproduced 04/22/2026 (on 04/23/2026)

bill text


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