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MI HB6513
Bill
Status
12/15/2020
Primary Sponsor
Graham Filler
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AI Summary
HB 6513 Summary
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Increases the maximum value threshold for watercraft eligible for transfer under simplified probate procedures from $100,000 to $300,000.
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Establishes annual cost-of-living adjustments to the $300,000 threshold beginning January 1, 2022, calculated using the U.S. Consumer Price Index and rounded to the nearest $1,000.
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Allows the Department of Treasury to certify and publish adjusted dollar amounts each calendar year.
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Permits non-owning persons (surviving spouses or heirs) to petition the Secretary of State for watercraft title certificates when the deceased owner left no other property requiring probate court letters.
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Takes effect 90 days after enactment into law.
Legislative Description
Watercraft: other; watercraft eligible for issuance of certificate of title transferring deceased owner's interest; increase maximum value of, subject to Consumer Price Index. Amends sec. 80312 of 1994 PA 451 (MCL 324.80312).
State agencies (existing): state
Last Action
Bill Electronically Reproduced 12/16/2020
12/16/2020