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MI HB5811

Bill

Official Source

Status

Introduced

6/12/2024

Primary Sponsor

Donni Steele

Click for details

Origin

House of Representatives

102nd Legislature

AI Summary

  • Repeals the State Real Estate Transfer Tax Act (1993 PA 330, MCL 207.521 to 207.537) in its entirety

  • Legislature intends to annually appropriate funds from the state general fund to the state school aid fund to compensate for revenue losses resulting from the tax repeal

  • Effective upon enactment with no specified implementation date or transition period

Legislative Description

Taxation: state real estate transfer; state real estate transfer tax; repeal. Repeals 1993 PA 330 (MCL 207.521 - 207.537).

Taxation: state real estate transfer

Last Action

Bill Electronically Reproduced 06/12/2024

6/13/2024

Committee Referrals

Tax Policy6/12/2024

Full Bill Text

No bill text available