Senate Bill No. 30 Summary

• Amends Michigan's General Property Tax Act (1893 PA 206) sections 78k and 78m to modify tax foreclosure procedures, specifically relating to stays of foreclosure when mortgage or land contract foreclosure actions are stayed under MCL 600.3116.

• Extends the withholding period for tax foreclosure from 1 year to 2 years when a property owner is a minor heir, incompetent, without means of support, or experiencing substantial financial hardship.

• Changes property transfer timeline by shifting unsold property transfer from the "immediately succeeding year" to the "second succeeding year's" tax foreclosure proceeding.

• Adds a new provision requiring courts to stay entry of final judgment on tax foreclosure or extend the redemption period for 2 years when a court has ordered a stay of mortgage or land contract foreclosure on the same property.

• Requires the sale of foreclosed property to be stayed for 2 years or until the order staying mortgage or land contract foreclosure is lifted, whichever occurs first, under new subsection 78m(16).