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MI HB5705
Bill
Status
4/16/2020
Primary Sponsor
Jeffrey Yaroch
Click for details
AI Summary
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Reduces property taxes for 2020 on second residences where owners lost use due to Governor Executive Order No. 2020-42 travel restrictions.
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Local tax collecting units must proportionally reduce the full tax amount based on the length of time the owner could not use the residence during 2020.
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Each taxing unit bears its portion of the tax loss in proportion to its millage rate relative to the total millage rate on the property.
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Department of Treasury shall provide guidance to local tax collecting units for implementation.
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Legislature intends that sufficient general fund appropriations compensate local taxing units for any property tax revenue losses from this section.
Legislative Description
Property tax; other; reduced property taxes for certain properties due to travel restrictions during declared state of emergency; provide for. Amends 1893 PA 206 (MCL 211.1 - 211.155) by adding sec. 44e.
Property tax: other
Last Action
Bill Electronically Reproduced 04/30/2020
4/24/2020