MI SB0055

Removes requirement for supervisor approval in poverty exemption determinations, allowing only board of review judgment on eligibility for principal residences of persons unable to contribute toward public charges due to poverty.

Permits principal residences exempt under the poverty exemption in tax year 2022 to remain exempt through tax year 2023 if the local assessing unit adopts a resolution by December 1, 2023, without requiring reapplication.

Allows boards of review to grant exemptions for the immediately preceding tax year under section 7u(10) if the exemption was not on the assessment roll and was not previously denied, with claims filed on prescribed forms accompanied by supporting documentation.

Requires local assessing units adopting extended exemption resolutions to develop and implement audit programs to verify continued eligibility, with ineligible properties subject to repayment of additional taxes plus interest at 1% per month.

Takes immediate effect upon enactment on November 7, 2023.