A bill to amend 1967 PA 281, entitled “Income tax act of 1967,” by amending sections 506 and 520 (MCL 206.506 and 206.520), section 506 as amended by 1996 PA 484 and section 520 as amended by 2015 PA 179.
House Bills 5272 and 5275 update Michigan’s homestead property tax credit system by expanding and standardizing eligibility for seniors, disabled individuals, veterans, and low-income households, increasing benefit amounts, adding inflation adjustments and anti-discrimination safeguards for renters, and clarifying administrative procedures, all contingent on related legislation.
Co-sponsored by Reps.
Referred to the Committee on Government Operations