2015 House Bill 4173 / Public Act 217

Revise principle residence property tax exemption claim process

Introduced in the House

Feb. 10, 2015

Introduced by Rep. David Maturen (R-63)

To revise details of a real estate transfer tax exemption for homeowners whose home is worth less and is sold for less than when they bought it. The bill eases slightly the eligibility for this exemption, and makes that expansion retroactive for up to four years in the past.

Referred to the Committee on Tax Policy

April 15, 2015

Reported without amendment

Without amendment and with the recommendation that the bill pass.

April 22, 2015

Passed in the House 108 to 1 (details)

Received in the Senate

April 23, 2015

Referred to the Committee on Finance

June 17, 2015

Reported without amendment

With the recommendation that the bill pass.

Nov. 10, 2015

Substitute offered

To make a reference to married couples "gender neutral".

The substitute passed by voice vote

Passed in the Senate 36 to 0 (details)

To revise details of a real estate transfer tax exemption for homeowners whose home is worth less and is sold for less than when they bought it. The bill eases slightly the eligibility for this exemption, and makes that expansion retroactive for up to four years in the past.

Motion to reconsider by Sen. Mike Kowall (R-15)

The vote by which the bill was passed.

The motion passed by voice vote

Received

Amendment offered by Sen. David Knezek (D-5)

To require the legislature to transfer money from the state general fund to the state school aid fund to the extent the taxpayer savings the bill would generate result in less revenue flowing into the latter fund.

The amendment failed 12 to 24 (details)

Passed in the Senate 36 to 0 (details)

To revise details of a real estate transfer tax exemption for homeowners whose home is worth less and is sold for less than when they bought it. The bill eases slightly the eligibility for this exemption, and makes that expansion retroactive for up to four years in the past.

Received in the House

Nov. 10, 2015

Dec. 1, 2015

Passed in the House 103 to 3 (details)

Signed by Gov. Rick Snyder

Dec. 15, 2015