Loading chat...

MI HB4899

Bill

Official Source

Status

Engrossed

6/14/2022

Primary Sponsor

Graham Filler

Click for details

Origin

House of Representatives

101st Legislature

AI Summary

  • Increases the maximum total vehicle value threshold for simplified title transfer to surviving spouses or heirs from $60,000 to $100,000
  • Permits surviving spouses or heirs to apply for vehicle title after an owner's death without requiring a full probate process, provided proper death documentation and heir certification are provided to the Secretary of State
  • Implements annual cost-of-living adjustments to the $100,000 threshold beginning January 1, 2023, with adjustments calculated using the U.S. Consumer Price Index ratio comparing the prior calendar year to 2021
  • Directs the Secretary of State to determine and announce adjusted amounts by December 1 each year for application in the following year
  • Takes effect 90 days after enactment

Legislative Description

Vehicles: title; transfer of ownership of vehicle to surviving spouse or heir after owner's death; modify maximum value and adjust for cost of living. Amends sec. 236 of 1949 PA 300 (MCL 257.236).

State agencies (existing): treasury

Last Action

Referred To Committee Of The Whole With Substitute (s-1)

12/6/2022

Committee Referrals

Judiciary And Public Safety6/15/2022
Judiciary5/25/2021

Full Bill Text

No bill text available