2026 House Bill 5973

Individual income tax: deductions; sunset on deductions for contributions to a first-time home buyer savings account; extend.

A bill to amend 1967 PA 281, entitled “Income tax act of 1967,” by amending section 30 (MCL 206.30), as amended by 2025 PA 24.

AI Analysis – Experimental

House Bills 5967 and 5973 extend the Michigan First-Time Home Buyer Savings Program through 2031 and clarifies account ownership and contribution rules to further support first-time homebuyers.

Introduced in the House

May 13, 2026

Introduced by Rep. Cameron Cavitt (R-106)

Referred to the Committee on Regulatory Reform