A bill to amend 1967 PA 281, entitled “Income tax act of 1967,” by amending sections 508, 510, and 522 (MCL 206.508, 206.510, and 206.522), section 508 as amended by 2018 PA 588, section 510 as amended by 2011 PA 172, and section 522 as amended by 2015 PA 179.
Senate Bills 344 & 345 expand and enhance Michigan's homestead property tax credit by lowering qualifying thresholds, increasing income limits, and broadening eligibility for seniors, disabled individuals, and veterans, effective for tax years beginning in 2025, contingent on the passage of a related bill.
Co-sponsored by Sens.
Referred to the Committee on Finance, Insurance, and Consumer Protection
