2025 House Bill 4088

Individual income tax: property tax credit; taxable value cap on homestead eligibility for credit; increase and modify adjustment factor.

A bill to amend 1967 PA 281, entitled “Income tax act of 1967,” by amending section 520 (MCL 206.520), as amended by 2015 PA 179. The bill was read a first time by its title and referred to the Committee on Finance.

AI Analysis – Experimental

The bill amends Michigan's Income Tax Act to adjust property tax credits, increasing eligibility caps, and setting new rules for renters and senior citizens, with annual adjustments based on economic indices.

Introduced in the House

Feb. 18, 2025

Introduced by Rep. Bradley Slagh (R-85) and seven co-sponsors

Co-sponsored by Reps. Gina Johnsen (R-78), Pat Outman (R-91), Steve Frisbie (R-44), Angela Rigas (R-79), Jason Woolford (R-50), Luke Meerman (R-89) and Joey Andrews (D-38)