MI HB4970

Removes the temporal limitation "for the 2003 tax year and tax years after the 2003 tax year" from the definition of property taxes in the Income Tax Act of 1967.

Expands the definition of property taxes to include specific taxes due and payable under the land tax equity act levied on homesteads within the state.

Maintains existing exclusions for penalties, interest, and most special assessments, while allowing certain uniform special assessments for police, fire, or advanced life support services.

Takes effect only if Senate Bill No. ____ or House Bill No. 4966 is enacted into law (tie-bar provision).