2007 House Bill 4215 / 2008 Public Act 96

Allow homestead property tax credit for vacant, unsold residence

Introduced in the House

Feb. 7, 2007

Introduced by Rep. Edward Gaffney (R-1)

To allow an individual who has moved into a new principle residence and not yet been able to sell his or her previous residence, to claim the Proposal A principle residence (homestead) tax exemption on both properties for up to three years, or until the previous residence is sold, whichever comes first (but only if the previous residence remains vacant).

Referred to the Committee on Commerce

May 22, 2007

Reported without amendment

With the recommendation that the substitute (H-2) be adopted and that the bill then pass.

June 7, 2007

Substitute offered

To replace the previous version of the bill with one that spells out details of the procedures to be used to claim the proposed tax exemption.

The substitute passed by voice vote

Amendment offered by Rep. Marty Knollenberg (R-41)

To clarify the application of the bill to property that is available for lease but not yet leased.

The amendment passed by voice vote

Passed in the House 93 to 11 (details)

To allow an individual who has moved into a new principle residence and not yet been able to sell his or her previous residence, to claim the Proposal A principle residence (homestead) tax exemption on both properties for up to three years, or until the previous residence is sold or leased, whichever comes first (but only if the previous residence remains vacant).

Received in the Senate

June 12, 2007

Referred to the Committee on Finance

March 27, 2008

Passed in the Senate 37 to 0 (details)

Signed by Gov. Jennifer Granholm

April 8, 2008