2007 Senate Bill 950 ↩

Senate Roll Call 105: 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 Senate Bills 950, 951 and 1133, and House Bills 5443 and 5446.