A bill to amend 1893 PA 206, entitled “The general property tax act,” by amending section 7b (MCL 211.7b), as amended by 2013 PA 161.
House Bill 4896 would amend section 7b of the General Property Tax Act, which provides for the disabled veteran’s property tax exemption, to allow residents of a housing cooperative to be eligible for the exemption. Generally speaking, residents of a housing cooperative (also known as a “co-op”) do not own their residences but are shareholders of the cooperative itself.
Co-sponsored by Reps.
Referred to the Committee on Local Government and Municipal Finance
