MI SB0423

Removes the July 1, 2025 sunset date on the delinquent property tax payment reduction program, making it permanent for property owners who qualify for poverty exemptions under section 7u

Removes the June 30, 2026 sunset date on tax foreclosure avoidance agreements, permanently allowing county treasurers to enter into payment plans of up to 5 years with owners of residential properties that are principal residences

Payment reduction programs allow qualifying property owners to have delinquent taxes reduced to 10% of taxable value, have service charges canceled, and have all interest, penalties, and fees waived

Tax foreclosure avoidance agreements require regular periodic installment payments, with restrictions preventing disproportionately large final payments or year-end payment increases

Makes minor technical amendments replacing gendered pronouns with gender-neutral language and changing "within" to "in" throughout the affected sections