2007 House Bill 4215 (Allow homestead property tax credit for vacant, unsold residence )

Public Act 96 of 2007

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• Introduced by Rep. Edward Gaffney on February 7, 2007, 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 House Commerce Committee on February 7, 2007.
    • Reported in the House on May 22, 2007, with the recommendation that the substitute (H-2) be adopted and that the bill then pass.
  • Substitute offered in the House on June 7, 2007, 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 in the House by voice vote on June 7, 2007.
  • Amendment offered by Rep. Marty Knollenberg on June 7, 2007, to clarify the application of the bill to property that is available for lease but not yet leased. The amendment passed in the House by voice vote on June 7, 2007.
• Passed in the House (93 to 11) on June 7, 2007, 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). [Vote Details and Comments]
• Received in the Senate on June 12, 2007.
  • Referred to the Senate Finance Committee on June 12, 2007.
• Passed in the Senate (37 to 0) on March 27, 2008, 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). [Vote Details and Comments]
• Signed by Gov. Jennifer Granholm on April 8, 2008.

Comments

Introduced by Rep. Edward Gaffney on February 7, 2007. Passed in the House (93 to 11) on June 7, 2007. New Comment