2019 Senate Bill 319 / 2020 Public Act 3

Make more expensive rental property eligible for developer tax breaks

Introduced in the Senate

May 14, 2019

Introduced by Sen. Jeremy Moss (D-11)

To increase the cap on the cash value of residential rental property eligible for property tax breaks under a “neighborhood enterprise zone” subsidy program for developers. The cap would rise from $80,000 per unit in cash value to $120,000 per unit, and this would be indexed to inflation going forward.

Referred to the Committee on Economic and Small Business Development

June 18, 2019

Reported without amendment

With the recommendation that the substitute (H-1) be adopted and that the bill then pass, which divides the bill's provisions between it and the identical House Bill 4091.

Sept. 19, 2019

Passed in the Senate 38 to 0 (details)

Received in the House

Sept. 19, 2019

Referred to the Committee on Commerce and Tourism

Oct. 24, 2019

Reported without amendment

Refer to the Committee on Ways and Means with the recommendation that the substitute (H-1) be adopted.

Referred to the Committee on Ways and Means

Dec. 4, 2019

Reported without amendment

With the recommendation that the substitute (H-1) be adopted and that the bill then pass.

Dec. 11, 2019

Passed in the House 90 to 18 (details)

To increase the cap on the cash value of residential rental property eligible for property tax breaks under a “neighborhood enterprise zone” subsidy program for developers. The cap would rise from $80,000 per unit in cash value to $120,000 per unit, and this would be indexed to inflation going forward.

Received in the Senate

Dec. 19, 2019

Jan. 8, 2020

Passed in the Senate 36 to 0 (details)

To concur with the House-passed version of the bill.

Signed by Gov. Gretchen Whitmer

Jan. 24, 2020