A bill to amend 1893 PA 206, entitled “The general property tax act,” (MCL 211.1 to 211.155) by adding section 7yy.
Introduces a property tax exemption for individuals aged 70 or older on their principal residence, effective for taxes levied after December 31, 2025, with state compensation for local revenue losses.
Introduced
by
Referred to the Committee on Finance, Insurance, and Consumer Protection
