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Bill > HB4335
MI HB4335
MI HB4335Property tax; principal residence exemption; claiming a principal residence exemption in this state while claiming a substantially similar exemption on property in another state; clarify procedures for rescinding the latter. Amends sec. 7cc of 1893 PA 206 (MCL 211.7cc). TIE BAR WITH: HB 4336'17
summary
Introduced
03/08/2017
03/08/2017
In Committee
09/26/2017
09/26/2017
Crossed Over
06/07/2017
06/07/2017
Passed
09/27/2017
09/27/2017
Dead
Signed/Enacted/Adopted
10/10/2017
10/10/2017
Introduced Session
99th Legislature
Bill Summary
Public Acts of 2017 Approved by the Governor October 5, 2017 Filed with the Secretary of State October 5, 2017 EFFECTIVE DATE: October 5, 2017 STATE OF MICHIGAN 99TH LEGISLATURE REGULAR SESSION OF 2017 Introduced by Reps. Pagel, Lucido, Hughes, Kahle, Brann, Hoadley, Faris, Sneller, Whiteford, Miller and LaSata ENROLLED HOUSE BILL No. 4335 AN ACT to amend 1893 PA 206, entitled "An act to provide for the assessment of rights and interests, including leasehold interests, in property and the levy and collection of taxes on property, and for the collection of taxes levied; making those taxes a lien on the property taxed, establishing and continuing the lien, providing for the sale or forfeiture and conveyance of property delinquent for taxes, and for the inspection and disposition of lands bid off to the state and not redeemed or purchased; to provide for the establishment of a delinquent tax revolving fund and the borrowing of money by counties and the issuance of notes; to define and limit the jurisdiction of the courts in proceedings in connection with property delinquent for taxes; to limit the time within which actions may be brought; to prescribe certain limitations with respect to rates of taxation; to prescribe certain powers and duties of certain officers, departments, agencies, and political subdivisions of this state; to provide for certain reimbursements of certain expenses incurred by units of local government; to provide penalties for the violation of this act; and to repeal acts and parts of acts," by amending section 7cc (MCL 211.7cc), as amended by 2016 PA 144.
AI Summary
This bill clarifies procedures for rescinding a principal residence exemption on property in Michigan if the owner is claiming a substantially similar exemption on property in another state. The key provisions are:
- Owners must file an affidavit claiming the exemption by certain deadlines and indicate if they are claiming a similar exemption in another state.
- The bill allows owners to retain the exemption for up to 3 years on property that is no longer their principal residence if it is unoccupied and for sale.
- It also allows lenders who foreclose on a property to retain the exemption under certain conditions.
- The bill outlines procedures for assessors, the state Department of Treasury, and county treasurers to deny exemptions and require repayment of taxes if the exemption was improperly claimed.
- The bill is tied to another bill, HB 4336, and is intended to correct a previous interpretation of the law by the Michigan Tax Tribunal.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
Assigned Pa 121'17 With Immediate Effect (on 10/10/2017)
Official Document
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