MI HB4618

Exempts housing with 8 or more residential units owned by nonprofits, limited dividend corporations, or government entities and occupied solely by elderly or disabled families from property tax collection.

Allows retroactive exemption approval for 2012 and the 3 preceding years (2009-2011) if owners would have qualified but failed to timely file in 2010, with rebates issued within 30 days without interest.

Requires state treasurer to make annual "payment in lieu of taxes" to local tax collecting units based on either 2008 tax year amounts or calculated taxable value multiplied by local mill levies, excluding school and state education taxes.

Permits service personnel such as custodians or nurses to occupy one or more units without disqualifying the property from exemption.

Grants the Department of Treasury standing to appeal assessed value, taxable value, and exempt status of qualifying properties in the Michigan Tax Tribunal and state courts.