Checkmark
Legislation watch

Search all years.

2021 House Bill 4290: Give tax breaks to some home buyers
Introduced by Rep. Mari Manoogian (D) on February 23, 2021
To exempt from state income tax up to $5,000, and $10,000 on joint returns, that is deposited in a specialty savings account the bill would authorize for individuals who have not bought or owned a Michigan home in the past three years (dubbed by the bill a "first time home buyer"). Up to $50,000 could be exempted from state income tax liability by an account owner over time. A version of this proposal was vetoed by Gov. Rick Snyder in 2018.   Official Text and Analysis.
Referred to the House Tax Policy Committee on February 23, 2021
Reported in the House on March 24, 2021
Without amendment and with the recommendation that the bill pass.
Received in the Senate on April 27, 2021
Referred to the Senate Finance Committee on April 27, 2021

Comments