2012 House Bill 5619

Lower taxes on certain property with government loan subsidies and guarantees

Introduced in the House

May 10, 2012

Introduced by Rep. Wayne Schmidt (R-104)

To exempt the owners of housing projects financed by grants or loan guarantees administered by the Michigan State Housing Development Authority (MSHDA) from the lower property taxes levied on property located in a government “land bank” area. The owners would instead have to pay a lower “service charge” for public services.

Referred to the Committee on Commerce