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MI HB5235
Bill
Status
11/6/2025
Primary Sponsor
Bill Schuette
Click for details
AI Summary
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Expands the definition of "owner" for homestead property tax credit eligibility to include grantors who have placed their homestead in a revocable trust or qualified personal residence trust
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Updates terminology throughout the section by replacing "person" with "individual" and "natural person" with "individual" for consistency
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Removes redundant statutory citation language referencing "part B of title II" and "Public Law 93-113" while retaining the relevant U.S. Code citations
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Amends Section 510 of the Income Tax Act of 1967 (MCL 206.510), which governs income definitions and exclusions for property tax credit calculations
Legislative Description
Individual income tax: property tax credit; owner and eligibility of a homestead placed in certain trusts; clarify. Amends sec. 510 of 1967 PA 281 (MCL 206.510).
Individual income tax: property tax credit
Last Action
Bill Electronically Reproduced 11/06/2025
11/12/2025