2007 House Bill 5438

Give MSHDA certain tax break granting power

Introduced in the House

Nov. 8, 2007

Introduced by Rep. Steve Tobocman (D-12)

To give the Michigan State Housing Developing Authority the power to grant to certain non profit organizations it designates a 50 percent property tax break on rental housing owned by the organization and rented out to individuals with income less than 80 percent the area median who are recipients of government mental health system benefits. This bill in part creates the tax break, while House Bill 5439 creates the program.

Referred to the Committee on Intergovernmental, Urban, and Regional Affairs

Nov. 12, 2008

Reported without amendment

With the recommendation that the bill be referred to the Committee on Tax Policy.

Referred to the Committee on Tax Policy