Individual income tax: property tax credit; homestead property tax credit; increase, and modify income threshold. Amends secs. 504 & 520 of 1967 PA 281 (MCL 206.504 & 206.520). TIE BAR WITH: SB 344'25

Also relevant to:Homeowner

Where it is in the process

Plain-English Summary

This bill amends Michigan's Income Tax Act of 1967, updating definitions and increasing property tax credits for homeowners and renters. It raises the maximum taxable value for homesteads to qualify for a credit and increases the percentage of gross rent used to calculate credits for renters. The changes take effect for tax years beginning on or after January 1, 2025, and are tied to the enactment of Senate Bill No. 344.

No official summary on file for this bill · generated by Gemini 2.5 Flash from its full text

Votes

Read full bill text →↓ Why am I seeing this?

Want updates?

Get notified when MI SB0345 moves stage

Pick a channel below. Every option is opt-in, and we tell you exactly what we store.

Email

Identified

We store your email address and the bill ID. We'll send a confirmation link first; alerts only start after you click it. Every email has a one-click unsubscribe.

Coming soon

RSS feed· Atom 1.0 + JSON Feed per bill
Bluesky· follow a CivicRadar bot post per status change
Telegram· channel or DM via bot
Discord· channel webhook
WhatsApp· via WhatsApp Business
SMS· via Twilio