SB 0442
Property tax: exemptions; property tax exemption for certain nonprofit housing property; modify. Amends sec. 7kk of 1893 PA 206 (MCL 211.7kk).
Take action
Record your position on this measure.
Sign in to record your position, submit testimony, or contact your legislator.
Sign in to take action- Introduced
- Passed Senate
- Passed House
- To Governor
- Became Law
Bill overview
This bill modifies existing property tax laws to provide exemptions for certain nonprofit housing properties. Specifically, it allows local tax collecting units to exempt eligible nonprofit housing property from property taxes, subject to certain conditions and a hearing process. The exemption would be effective either upon the adoption of a resolution by the local unit or the issuance of a building permit, and would last for either two years or until the property is occupied by a low-income resident or transferred to new ownership. The bill also outlines specific rules for exemptions on residential building lots and other property types.
Sponsors
Official sponsors from legislative records.
Primary sponsor
Cosponsors
Joseph N. Bellino Jr.
Sylvia A. Santana
Arguments in favor
Reasons to support this legislation.
No arguments in favor have been submitted.
Submit yoursArguments opposed
Reasons to oppose this legislation.
No arguments opposed have been submitted.
Submit yoursRead the latest version inline or switch to a previous version.