MI HB4572

Amends the General Property Tax Act to exempt transfers of residential real property to certain family members from triggering an adjustment (uncapping) of taxable value, effective December 31, 2014 and ongoing.

Expands the list of family members who can receive residential property transfers without triggering taxable value adjustment to include grandmothers and grandfathers (previously only included up to grandchildren).

Allows transfers to family members and their spouses on or after December 30, 2021 to qualify for the exemption, with the requirement that the property not be used for commercial purposes following the transfer.

Requires transferees to furnish proof within 30 days upon request by the Department of Treasury or assessor that they meet family relationship requirements, with a $200 fine for non-compliance.

Makes minor technical corrections throughout the statute, replacing "shall" with "must" and correcting capitalization and grammatical references in organizational names (Boy Scouts, Girl Scouts, Camp Fire Girls, etc.).