MI HB4335

Clarifies procedures for claiming principal residence property tax exemptions and prohibits claiming substantially similar exemptions in multiple states simultaneously.

Establishes a $500 penalty for taxpayers who claim a Michigan principal residence exemption while claiming a substantially similar exemption, deduction, or credit on property in another state.

Requires property owners to file exemption affidavits by June 1 (summer levy) or November 1 (winter levy) after December 31, 2011, and specifies that exemption status is determined on the date the affidavit is filed.

Allows owners in nursing homes, assisted living facilities, or on active military duty to retain principal residence exemptions on previously-owned homes if they manifest intent to return and meet specified conditions (continued ownership, no new principal residence, property maintenance, and no business use).

Takes effect only if House Bill 4336 is enacted and is intended to correct misinterpretations of legislative intent in a Michigan Tax Tribunal decision (MTT Docket No. 16-001208, issued January 10, 2017).