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MI HB5841
Bill
Status
6/9/2020
Primary Sponsor
William Sowerby
Click for details
AI Summary
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Allows owners of qualified new residential construction property to claim principal residence exemption by filing affidavit with local tax collecting unit for board of review consideration, if property was first occupied after December 31, 2019 and before December 2, 2020.
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Establishes two filing windows: July 2020 for properties first occupied between January 1, 2020 and July 1, 2020; December 2020 for properties first occupied between July 2, 2020 and December 2, 2020.
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Grants exemption retroactively to all tax levies after December 31, 2019 if board of review approves application, with provisions for correcting tax rolls and issuing rebates for overpayments.
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Requires property to be qualified new residential construction with owner as first occupant, and allows owner to appeal board denial to Michigan Tax Tribunal within 35 days.
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Mandates state school aid fund be compensated for all revenue lost due to expanded exemptions through deposits by department of treasury.
Legislative Description
Property tax: principal residence exemption; exemption for new residential constructions; provide for. Amends sec. 7cc of 1893 PA 206 (MCL 211.7cc).
Property tax: principal residence exemption
Last Action
Bill Electronically Reproduced 06/09/2020
6/10/2020