Senate Bill 749 Summary

• Amends Michigan's General Property Tax Act to establish a right of first refusal for the state to purchase tax-delinquent properties at the greater of minimum bid or fair market value within the first Tuesday in July following foreclosure judgment.

• If the state declines, cities, villages, townships, and counties may purchase delinquent properties at the minimum bid in sequential order of priority before public auction sales.

• Requires foreclosing governmental units to hold at least 2 public auction sales between the third Tuesday in July and first Tuesday in November, with the final sale requiring no minimum bid but allowing a reasonable opening bid to recover sale costs.

• Establishes a tiered use priority for property sale proceeds: reimbursing the delinquent tax revolving fund, paying sale and foreclosure costs, maintaining property, and for non-state foreclosing units, defending title actions and administration costs.

• Transfers unsold property to cities, villages, townships, or counties by December 30, with automatic cancellation of property taxes and certain municipal liens as of the following December 31; adds provisions allowing land bank fast track authorities to purchase properties and grants Department of Natural Resources environmental oversight rights on contaminated properties.