2026 Senate Bill 1044

Individual income tax: property tax credit; definition of homestead; modify.

A bill to amend 1967 PA 281, entitled “Income tax act of 1967,” by amending section 508 (MCL 206.508), as amended by 2018 PA 588.

AI Analysis – Experimental

Updates and clarifies definitions and eligibility criteria for property tax credits under Michigan's Income Tax Act, aiming to ensure fairer application for homeowners and renters.