2025 Senate Bill 345

Individual income tax: property tax credit; homestead property tax credit; increase, and modify income threshold.

A bill to amend 1967 PA 281, entitled “Income tax act of 1967,” by amending sections 504 and 520 (MCL 206.504 and 206.520), section 504 as amended by 1993 PA 328 and section 520 as amended by 2015 PA 179.

Official record

AI Analysis – Experimental

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.

Introduced in the Senate

May 29, 2025

Introduced by Sen. Sarah Anthony (D-21) and 10 co-sponsors

Co-sponsored by Sens. Michele Hoitenga (R-36), Ed McBroom (R-38), Roger Victory (R-31), Erika Geiss (D-1), Joseph Bellino (R-16), Sue Shink (D-14), Dayna Polehanki (D-5), Jeff Irwin (D-15), Stephanie Chang (D-3) and Kevin Hertel (D-12)

Referred to the Committee on Finance, Insurance, and Consumer Protection