MI HB5236

Modifies the definition of "homestead" for property tax credit purposes by removing "residential" from the list of property classifications that exclude unoccupied real property from homestead status

Clarifies that when a homestead is part of a larger unit of assessment (commercial, industrial, timber-cut over, or multipurpose/multidwelling building), property tax is calculated proportionally based on the homestead's value relative to total assessed property value

Removes the "beginning in the 1990 tax year" date reference for provisions regarding unoccupied real property that is leased or rented

Removes the "for tax years beginning after December 31, 2018" qualifier for excluding wrongful imprisonment compensation from total household resources calculations

Makes technical language updates throughout, changing "shall be" to "is" and "pursuant to" to "under"