MI HB4336

Prohibits persons claiming a principal residence exemption from making false or fraudulent affidavits, aiding others in wrongfully obtaining exemptions, or failing to rescind exemptions when property is no longer a principal residence.

Establishes misdemeanor penalties of up to 1 year imprisonment and up to $5,000 fine or 1,500 hours public service for violations committed with intent to wrongfully obtain an exemption under section 7cc.

Creates separate perjury offense for knowingly swearing to or verifying false affidavits claiming exemptions with intent to defraud the state or political subdivision, with same penalties as subsection (2).

Establishes misdemeanor penalties of up to $1,000 fine or 500 hours public service for knowingly violating other provisions of the act with intent to defraud.

Grants concurrent enforcement power to the Attorney General and prosecuting attorneys of each county; penalties do not apply to violations occurring before December 31, 1995.