2008 House Bill 6283

Extend non-profit senior housing tax breaks to “limited dividend housing associations”

Introduced in the House

June 26, 2008

Introduced by Rep. John Stakoe (R-44)

To extend to “limited dividend housing associations” the property tax exemption allowed for non-profit organizations that own and rehab housing units to be occupied by elderly or disabled families. 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 Tax Policy