A bill to amend 1967 PA 281, entitled “Income tax act of 1967,” by amending sections 520, 522, and 524 (MCL 206.520, 206.522, and 206.524), sections 520 and 522 as amended by 2015 PA 179 and section 524 as amended by 1987 PA 254, and by adding section 521.
This legislation proposes a tax credit for homeowners and renters based on property taxes, setting eligibility criteria and adjustments for inflation. It details the process for claiming excess credits, ensures senior citizens in federally or state-aided housing can use tax credit payments for rent reduction, and prohibits rent discrimination based on credit claims, treating such discrimination as a misdemeanor.
Introduced
by
Referred to the Committee on Finance, Insurance, and Consumer Protection
