2014 Senate Bill 752

Increase income tax property tax credit

Introduced in the Senate

Feb. 4, 2014

Introduced by Sen. Dave Hildenbrand (R-29)

To increase the income cap (“household resources” cap) at which the value of a property tax credit a homeowner or renter can claim against his or her state income tax begins to phase-out, from $41,000 to $51,000. The bill would also make more gradual the extent to which each $1,000 in additional income above this amount diminishes the credit. In other words, the bill would reduce the “cliff” effect of a <a href="http://www.michiganvotes.org/2011-HB-4361"> tax reform and business tax cut law </a> that placed new income limits on this credit.

Referred to the Committee on Finance

Feb. 18, 2014

Reported without amendment

With the recommendation that the substitute (S­1) be adopted and that the bill then pass.

June 11, 2014

Passed in the Senate 37 to 1 (details)

To increase the maximum income cap (“household resources” cap) on a property tax credit a homeowner or renter may claim against his or her state income tax begins to phase-out, from $50,000 to $70,000. The vote is part of a deal made with Democrats by Gov. Rick Snyder and Senate Majority Leader Randy Richardville to get their votes on a $1.2 billion fuel tax increase, and will only go into effect if that tax hike is enacted.

Received in the House

Dec. 16, 2014

Referred to the Committee on Tax Policy