HB 4721 creates tax credits for biodiesel sales and production in Michigan, effective 2025-2030. Retail fuel dealers receive credits of $0.02-$0.07 per gallon for selling biodiesel blends (6-9%, 10-19%, or 20%+), while biodiesel producers get $0.02 per gallon. Total credits are capped at $16 million annually for retailers and $2 million for producers, with excess claims distributed proportionally. The bill directly affects Michigan fuel retailers and biodiesel producers by reducing their income tax liability based on specific blend volumes sold or produced.
HB 4328 provides $100 million in supplemental state funding for emergency response and disaster relief during Michigan's 2025 fiscal year, primarily for counties affected by storm damage. It allocates $75 million for storm disaster relief grants and $25 million for a contingency supplement, to be distributed by the Department of State Police on a first-come, first-served basis (50% immediately, 50% after six months). Counties can use these funds for emergency actions like debris cleanup, shelter, energy assistance, and repairing public infrastructure damaged by storms. This ensures timely support for communities recovering from storm-related financial hardship.
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.
SB 485 creates a new tax on properties sold by government units (like cities or counties) after tax foreclosure. It applies to owners of these "reverted" properties, requiring them to pay a tax calculated as if the property were subject to regular property taxes. Revenue from the tax is split: 50% goes to local taxing units (like school districts), and 50% to the government authority that sold the property. The bill also specifies that properties in designated Renaissance Zones are partially exempt from this tax, with certain portions still distributed to the relevant taxing units.
SB 484 creates a 5-year property tax exemption for real estate sold or conveyed by land banks or local governments after tax delinquency. This applies to properties sold under the Land Bank Fast Track Act or Tax Reverted Clean Title Act, beginning the year after sale and lasting through the fifth December 31. The exemption does not apply to properties in brownfield redevelopment plans if specific conditions are met (e.g., land bank bonds or brownfield plan details). Properties under this exemption remain subject to the tax levied under the Tax Reverted Clean Title Act.
HB 4260 redirects $115 million annually from Michigan's 4% general sales tax revenue into the Public Safety and Violence Prevention Fund starting with the 2025-2026 fiscal year. This change affects state budget allocations, shifting funds previously going to the general fund toward public safety and violence prevention programs. The bill amends Michigan's General Sales Tax Act (MCL 205.75) to establish this specific annual transfer, with the amount adjusted based on actual tax collections. It does not create new taxes but reallocates existing revenue streams.
HB 4201 amends Michigan's income tax law to exempt certain retirement benefits from state taxation. It specifically adds a deduction for retirement or pension benefits received from Michigan's public retirement systems (like state employee pensions) or federal public retirement systems. This directly affects Michigan residents who receive these types of public-sector retirement benefits by reducing their taxable income. The change modifies Section 30 of Michigan's Income Tax Act (MCL 206.30) to exclude these benefits from taxable income calculations.
HB 4387 creates a temporary 2025 income tax credit for Michigan residents affected by a severe winter storm and ice storm declared a state of emergency by Governor Whitmer on March 31, 2025. It allows eligible taxpayers to claim a credit of up to $5,000 for qualified expenses directly related to repairing or restoring homes, property, or businesses damaged by the emergency - such as purchasing generators, chainsaws, or building materials. To qualify, taxpayers must reside in the declared emergency area, provide proof of expenses (including federal ID and property address), and confirm expenses weren’t reimbursed. The credit applies only to the 2025 tax year and cannot exceed the taxpayer’s total tax liability for that year.
SB 417 changes how Michigan distributes corporate income tax revenue. Starting in the 2026-2027 fiscal year, it permanently allocates $50 million annually to the Michigan housing fund and $60 million (adjusted for inflation each year) to the beverage container handling fund, after prior allocations to other state funds. The bill also specifies that remaining tax revenue after these allocations goes to the general fund. This policy directly affects state budgeting by redirecting specific portions of corporate tax revenue to these designated funds, with the beverage container fund allocation being a new, permanent feature.
SB 344 modifies Michigan's property tax credit for individual income tax filers by changing the percentage rates used to calculate the credit. It directly affects homeowners who claim this credit, particularly those with lower property values who benefit from the credit against their state income tax. The bill amends specific sections of Michigan's Income Tax Act to adjust the credit percentages, making the calculation more precise. This change alters how much property tax can be deducted from income tax liability for eligible residents.
