MI HB4741

Extends the payment reduction program for delinquent property taxes from July 1, 2025 to July 1, 2030, allowing foreclosing governmental units to reduce amounts owed for properties exempt under hardship provisions

Removes the June 30, 2026 sunset date for tax foreclosure avoidance agreements, making the program permanent for owners of residential property classified as principal residences

Tax foreclosure avoidance agreements allow property owners to enter into payment plans of up to 5 years with county treasurers to avoid foreclosure on delinquent taxes

Payment reduction programs can reduce delinquent tax amounts to 10% of taxable value, cancel interest, penalties, and fees, and provide an additional 10% discount for lump-sum payments for qualifying property owners

Makes technical language updates throughout, including changing "within" to "in" and replacing gendered pronouns ("his or her," "he or she") with gender-neutral alternatives