Insurance: other; housing opportunity tax credits against the retaliatory tax; provide for. Amends secs. 476a & 476b of 1956 PA 218 (MCL 500.476a & 500.476b). TIE BAR WITH: HB 5805'26, HB 5806'26

This bill amends Michigan's insurance laws to allow certain alien or foreign insurers to subtract a housing opportunity tax credit when calculating taxes owed to the state. This change applies to tax years starting on or after January 1, 2027, and aims to encourage investment in qualified housing projects. The bill will only take effect if two other related bills from the 103rd Legislature are also passed into law.

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

• MI HB6243Property: land sales; prohibition of purchase of residential property by certain businesses; modify. Amends secs. 3 & 7 of 2026 PA 32 (MCL 125.853 & 1125.857).
• MI HB5570Construction: code; single exit stairway in multiple-family dwellings; allow under certain conditions. Amends 1972 PA 230 (MCL 125.1501 - 125.1531) by adding sec. 4j.
• MI HB5806Individual income tax: credit; housing opportunity tax credits; create. Amends 1967 PA 281 (MCL 206.1 - 206.847) by adding secs. 281 & 678. TIE BAR WITH: HB 5805'26, HB 5807'26
• MI HB6074Property: land sales; purchase of residential property by certain businesses; prohibit. Creates new act.
• MI SB0966Housing: housing development authority; housing opportunity tax credit program; establish and administer. Amends sec. 22 of 1966 PA 346 (MCL 125.1422) & adds sec. 22e. TIE BAR WITH: HB 5806'26, HB 5807'26