2024 House Bill 5419

Property tax: special assessments; income eligibility cap for special assessment deferment program; modify.

A bill to amend 1976 PA 225, entitled "An act to defer the collection of special assessments on homestead properties; to provide for conditions of eligibility for such a deferment; to prescribe the powers and duties of the department of treasury, local assessing officers, and local collecting officers; to provide for the advancement of moneys by the state to indemnify special assessment districts for losses from deferment of collections; to provide for the advancement of money by the state to an owner for the repayment of loans used by the owner to pay special assessments; to provide for the collection of deferred special assessments and interest thereon, and the disposition of these collections; to make an appropriation; and to prescribe penalties," by amending sections 3 and 4 (MCL 211.763 and 211.764), as amended by 1980 PA 403.

Introduced in the House

Feb. 1, 2024

Introduced by Reps. Bill Schuette (R-95) and Bill Schuette (R-95)

Referred to the Committee on Tax Policy