2007 House Bill 5445 ↩

House Roll Call 551: Passed

To allow the Michigan State Housing Developing Authority to reimburse certain federal income tax liabilities that fall on non-low income homeowners who acquired a home with a subsidized loan from the authority (funded by its own borrowing in the form of selling federal tax exempt bonds), and then made a profit by selling the property within nine years. The bill is part of a package comprised of House Bills 5442 to 5447.