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Bill > HB4986
MI HB4986
MI HB4986Individual income tax; property tax credit; disqualifiers and limitations on property tax credit for disabled veterans; eliminate, and repeal disabled veterans property tax exemption. Amends secs. 506, 520 & 522 of 1967 PA 281 (MCL 206.506 et seq.) & repeals sec. 7b of 1893 PA 206 (MCL 211.7b).
summary
Introduced
09/19/2017
09/19/2017
In Committee
12/12/2018
12/12/2018
Crossed Over
Passed
Dead
12/31/2018
12/31/2018
Introduced Session
99th Legislature
Bill Summary
Individual income tax; property tax credit; disqualifiers and limitations on property tax credit for disabled veterans; eliminate, and repeal disabled veterans property tax exemption. Amends secs. 506, 520 & 522 of 1967 PA 281 (MCL 206.506 et seq.) & repeals sec. 7b of 1893 PA 206 (MCL 211.7b).
AI Summary
This bill eliminates the property tax credit and exemption for disabled veterans. Specifically, it repeals the disabled veterans property tax exemption and amends the income tax act to remove the property tax credit for disabled veterans and their widows/widowers. The bill also makes some other adjustments to the property tax credit, such as increasing the taxable value cap for non-disabled veterans and adjusting the credit amounts and income thresholds. Overall, this bill aims to end the special tax benefits previously provided to disabled veterans and their surviving spouses.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
Referred To Second Reading (on 12/12/2018)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | http://legislature.mi.gov/doc.aspx?2017-HB-4986 |
| BillText | http://www.legislature.mi.gov/documents/2017-2018/billintroduced/House/htm/2017-HIB-4986.htm |
| Bill | http://www.legislature.mi.gov/documents/2017-2018/billintroduced/House/pdf/2017-HIB-4986.pdf |
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