A bill to amend 2003 PA 260, entitled “Tax reverted clean title act,” by amending sections 4 and 5 (MCL 211.1024 and 211.1025), section 5 as amended by 2016 PA 151.
Senate Bill No. 485 updates procedures and revenue allocations for tax-reverted properties, requiring annual reporting, clarifying tax exemptions and distributions, and aligning delinquency and foreclosure processes with existing property tax law, contingent on the passage of related legislation.
Introduced
by
Referred to the Committee on Housing and Human Services
