SB 22 requires Michigan landlords to return security deposit refunds via electronic transfer (such as direct deposit or mobile payment) instead of checks when deducting for damages. Landlords must send the refund electronically within 10 days after mailing a damage notice to the tenant, which must include a 7-day response deadline. This affects all landlords and tenants in Michigan rental agreements involving security deposits. The law maintains existing requirements for 30-day damage notices and itemized claims but changes how refunds are delivered.
SB 966 amends the State Housing Development Authority Act of 1966 to add new powers for the State Housing Development Authority in Michigan. The bill allows the authority to establish and collect fees for its publications, loans, and related services, and to use the resulting income for its corporate purposes. These funds are not considered interest and can be used to support the authority's housing initiatives, provided they are not pledged for bond repayment. The legislation directly affects the State Housing Development Authority by expanding its financial and operational capabilities to better serve housing needs across Michigan.
This bill allows foreign insurance companies operating in Michigan to reduce their retaliatory tax liability by using housing opportunity tax credits. It directly affects alien or foreign insurers by permitting them to subtract the value of these credits from the taxes they must pay to the state treasurer. The key mechanism requires insurers to attach proof of their credit eligibility to their annual tax return to claim this subtraction. This change only applies to tax years beginning on or after January 1, 2027, and the bill will not take effect unless two companion bills are also passed.
HB 5806 creates a new state tax credit for individuals and businesses that invest in affordable housing projects in Michigan starting in 2027. The bill allows these investors to reduce their income tax by a specific amount tied to their share of the project, provided they receive approval from the State Housing Development Authority. It also establishes rules for how investors must report the credit, handle situations where federal tax credits are lost, and carry forward any unused credit for up to 10 years.
HB 5571 allows single interior exit stairways in multi-family apartment buildings with 4-6 levels (or 3-5 levels with an occupiable roof), directly affecting developers and builders of such structures. The bill requires buildings to have no more than 4 units per level, limit floor area to 4,000 sq ft per level, and ensure exit access travel is ≤125 feet from any point. Key safety provisions include mandatory smoke detectors in common areas (like hallways and laundry rooms), manual fire alarms, automatic smoke detection systems, and sprinklers meeting NFPA standards. It also mandates that the building’s fire department must be accredited by the Commission on Fire Accreditation International and hold a Class 1-2 public protection rating. The bill is contingent on HB 5570 passing into law.
SB 723 modifies Michigan's Brownfield Redevelopment Financing Act to streamline cleanup and development of contaminated or underused industrial sites. It defines "blighted" properties more clearly (e.g., sites with disconnections, fire hazards, or buried debris) and creates a new "transformational brownfield plan" that allows developers to capture tax revenues generated during construction. The bill establishes "construction period tax capture revenues" - taxes collected from wages paid during site improvements - which are calculated using a specific formula and reported to the state treasury. This policy directly affects developers, local governments, and property owners working on eligible brownfield sites, providing a new funding mechanism for redevelopment projects.
SB 423 ends specific programs that helped homeowners pay overdue property taxes and avoid foreclosure. It directly affects property owners with delinquent taxes who previously could use these reduced payment options. The bill modifies existing law by setting expiration dates ("sunsetting") for these programs, meaning they will no longer be available after the specified dates. This change removes temporary relief measures, requiring affected homeowners to pay full delinquent taxes or face standard foreclosure processes.
HB 4543 changes how Michigan's home heating credit is adjusted annually. It replaces the use of the national U.S. Consumer Price Index (CPI) with the Detroit Consumer Price Index to calculate annual credit adjustments. This means the credit amount for eligible households will now reflect local cost-of-living changes in Detroit instead of national averages. The bill directly affects low-to-moderate income Michigan residents who claim the home heating credit on their state tax returns.
