MI SB0901

Extends the redemption deadline for properties forfeited to county treasurers for unpaid taxes until the later of May 29, 2020 or 30 days after termination of the COVID-19 state of emergency.

Allows foreclosing governmental units to temporarily suspend strict compliance with tax redemption requirements and extend deadlines in response to the state of emergency declared in Executive Order 2020-14.

Permits courts to amend foreclosure orders issued under section 78k(5) consistent with any deadline extensions granted by foreclosing governmental units.

Establishes a payment reduction program (through July 1, 2023) allowing foreclosing governmental units to reduce unpaid delinquent taxes for exempt properties, cancel service charge taxes and interest/penalties, and offer additional lump-sum payment discounts.

Requires participating local units of government in counties over 1,500,000 population to opt out of the payment reduction program in writing, while smaller counties must affirmatively opt in via governing body resolution.