This bill amends the State Housing Development Authority Act to expand the powers of Michigan's State Housing Development Authority. The key changes allow the authority to charge fees for its loans and publications, save usable housing from demolition by funding rehabilitation costs, and make mortgage loans to subsequent property buyers even if they do not meet standard income limits. These provisions directly affect the authority's operations and the people seeking affordable housing assistance in the state.
HB 4539 amends Michigan's housing law to clarify definitions and strengthen funding rules for affordable housing projects. It defines key terms like "extremely low-income" (≤30% of area median income) and "downtown area" (50+ years of commercial use with mixed buildings), directly affecting low- and middle-income households in these zones. The bill requires 30% of funds to support projects for extremely low-income households (including homeless and supportive housing) and mandates that 20% of units in all funded projects serve households earning ≤60% of area median income. It also requires the housing authority to create a public input process for its biennial funding plan, prioritizing areas with high poverty, disability needs, and housing distress.
HB 5984 amends Michigan's State School Aid Act to clarify how student attendance and membership are calculated for funding purposes, particularly for special education and cyber schools. The bill defines specific rules for counting students in 'center programs' for special needs pupils and establishes detailed participation requirements for cyber school students, such as logging into lessons or engaging in virtual activities. Additionally, it updates the definition of membership to ensure accurate funding distribution based on actual student enrollment and attendance across various district types.
HB 4026 exempts firearm safety devices from Michigan's sales and use tax through December 31, 2024, directly affecting gun owners purchasing these devices. The bill defines "firearm safety devices" as trigger locks, secure storage containers (like gun safes or lockboxes requiring keys/combinations), but excludes display cases. Retail sellers must provide written notices to buyers and post visible signage at points of sale explaining the tax exemption. This is a temporary measure with a sunset date, not a permanent policy change.
HB 4025 extends Michigan's sales tax exemption for firearm safety devices until December 31, 2024. It defines "firearm safety devices" as equipment (like gun safes, lockboxes, or trigger locks) designed to prevent unauthorized access or operation of firearms, but excludes display cabinets. Retail sellers must provide written notices to purchasers and post conspicuous signage at points of sale about the tax exemption. The bill also requires the state to annually compensate the school aid fund for any revenue lost due to this exemption.
This bill requires Michigan state agencies to submit all legislative reports to the Department of Technology, Management, and Budget. The department must then create a free, searchable public website to publish these reports within 90 days of the bill taking effect. The change applies to any report that state agencies are legally required to send to the state legislature.
This bill modifies Michigan's property tax rules to clarify how taxable values are calculated when property ownership transfers. It establishes that a property's taxable value resets to its current market value upon transfer, but then limits future annual increases to the lesser of 5% or the inflation rate until another transfer occurs. The legislation also defines specific scenarios where a transfer does not trigger a reset, such as when property is moved into a trust by a parent for their own children or grandchildren, provided the home remains residential. Additionally, it allows local tax officials to correct past valuation errors related to missed transfers for up to three years and clarifies rules for land contracts and certain bond-funded properties.
This bill amends state law to update tax exemption rules for downtown development authorities in Michigan. It clarifies that these entities remain exempt from real estate transfer taxes even after the state real estate transfer tax act was repealed. The changes will only take effect if two other related bills are also enacted into law. Ultimately, the measure ensures these local economic development organizations do not face new transfer tax obligations on property instruments.
HB 5878 eliminates the personal property tax in Michigan for all items that do not qualify for an existing specific exemption, effective for taxes levied after December 31, 2026. Owners of such property must annually file a statement with their local tax collector to claim this new exemption, while property that already has a designated exemption cannot be claimed under this new rule. The bill also requires local tax units to send summary data to the state Department of Treasury by April 1 each year to track the revenue impact of these new exemptions. This legislation directly affects business owners and individuals holding personal property by removing a tax burden on eligible assets, provided they complete the necessary filing requirements.
This bill repeals Michigan's state real estate transfer tax, which previously applied to the sale of property. It includes a provision to ensure that any resulting loss in state revenue is compensated by transferring funds from the state general fund to the school aid fund. The law will only take effect if a separate companion bill, HB 5880, is also passed.
