2011 House Bill 4990 / Public Act 273

Revise homestead property tax exemption detail

Introduced in the House

Sept. 20, 2011

Introduced by Rep. Jud Gilbert (R-81)

To establish that agricultural acreage which is part of a person’s principal residence homestead would not be included in a property value cap that applies to a homestead property tax credit that eligible taxpayers can claim against their state income tax.

Referred to the Committee on Tax Policy

Oct. 5, 2011

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 details but does not change the substance as previously described.

The substitute passed by voice vote

Oct. 6, 2011

Passed in the House 108 to 0 (details)

Received in the Senate

Oct. 11, 2011

Referred to the Committee on Finance

Dec. 8, 2011

Reported without amendment

With the recommendation that the bill pass.

Dec. 13, 2011

Passed in the Senate 38 to 0 (details)

To establish that agricultural acreage which is part of a person’s principal residence homestead would not be included in a property value cap that applies to a homestead property tax credit that eligible taxpayers can claim against their state income tax.

Signed by Gov. Rick Snyder

Dec. 19, 2011