MI HB4452

Removes the $135,000 taxable value homestead eligibility cap for property tax credit claimants in Section 520.

Increases the total household resources income threshold from $41,000 to $73,650 for the 10% credit reduction phase-out in Section 520(8).

Eliminates separate senior citizen income tax credit calculation brackets under Section 522(b) and consolidates senior citizen credits with general claimant calculations at 60% of taxes exceeding 3.5% of household resources.

Adds blind individuals as eligible for property tax credits under Section 522(b), with credit percentages based on homestead taxable value thresholds.

Maintains $1,200 annual credit cap and allows excess credits to be paid to claimants without interest if they exceed tax liability.