Introduced
by
To authorize a property tax break for senior housing that is rehabilitated by a limited dividend housing corporation. A “limited dividend housing association” may pay dividends to investors that do not exceed caps set by the Michigan State Housing Development Authority.
Referred to the Committee on Finance
Reported without amendment
With the recommendation that the bill pass.
Substitute offered
The substitute passed by voice vote
Passed in the Senate 38 to 0 (details)
Referred to the Committee on Tax Policy
Reported without amendment
With the recommendation that the substitute (H-1) be adopted and that the bill then pass.
Substitute offered
To replace the previous version of the bill with one that revises various details, but does not change its substance. This version was superseded by another substitute with more changes.
The substitute failed by voice vote
Substitute offered
by
To replace the previous version of the bill with one that revises details but does not change the substance of the bill as previously described.
The substitute passed by voice vote
Passed in the House 103 to 0 (details)
To authorize a property tax break for senior housing that is rehabilitated by a limited dividend housing corporation. A “limited dividend housing association” may pay dividends to investors that do not exceed caps set by the Michigan State Housing Development Authority.
To concur with the House-passed version of the bill.
Passed in the Senate 34 to 0 (details)
