2008 House Bill 6162 ↩

House Roll Call 793: Passed

To establish specific procedures, standards, income caps and home value caps for a local government granting the principal residence property tax “poverty exemption” allowed under current law. A local government would be allowed, but not required to adopt an overall asset (net worth) cap, and would have to establish and publish income caps based on federal poverty rates. The bill was introduced after a scandal broke regarding Detroit granting these tax breaks to politically well-connected individuals who are not impoverished.