Property tax: exemptions; continuation of poverty exemption, without subsequent application, for homeowner who previously established eligibility; provide for in certain circumstances. Amends sec. 7u of 1893 PA 206 (MCL 211.7u).
Impact
The implementation of HB 6059 would significantly alter the process for poverty exemptions within Michigan's tax framework. By permitting homeowners who previously qualified for these exemptions to retain their benefits without annual re-application, the bill seeks to minimize the burden of paperwork and potential denial of assistance for those facing financial challenges. This could lead to a wider acceptance of tax relief measures and ensure that low-income residents are not further affected by rising property taxes during tough economic periods.
Summary
House Bill 6059 aims to amend Michigan's general property tax act by allowing homeowners who have previously established eligibility for a poverty exemption to continue receiving that exemption without requiring subsequent applications, under certain conditions. The bill considers the socio-economic challenges faced by many residents, particularly during times of economic hardship, and seeks to provide more stability for low-income homeowners. It proposes to streamline the exemption process by reducing the bureaucratic hurdles these homeowners face in accessing tax relief based on poverty status.
Contention
Discussions around the bill may bring to light criticisms regarding the potential increase in tax burdens on local governments if the number of exempt properties rises significantly. Critics might argue that while the intention is to assist economically vulnerable populations, there could be unintended consequences for local revenues, affecting services that rely on property tax funding. Additionally, there might be concerns regarding the adequacy of income verification processes to prevent abuse of the exemption system, leading to potential calls for additional oversight measures.
Property tax: exemptions; continuation of poverty exemption, without subsequent application, for homeowner who previously established eligibility; provide for in certain circumstances. Amends sec. 7u of 1893 PA 206 (MCL 211.7u).
Property tax: exemptions; property tax exemption for principal residence of certain senior citizens; provide for. Amends secs. 7u & 53b of 1893 PA 206 (MCL 211.7u & 211.53b) & adds sec. 7yy.
Property tax: exemptions; small business property tax exemption; modify application process. Amends secs. 9o, 19 & 30 of 1893 PA 206 (MCL 211.9o et seq.). TIE BAR WITH: HB 4553'23, HB 4554'23
Property tax: exemptions; exemption of certain property located in land equity cities under certain circumstances; provide for. Amends secs. 2, 78a & 89b of 1893 PA 206 (MCL 211.2 et seq.) & adds sec. 7yy. TIE BAR WITH: HB 4966'23
Property tax: exemptions; continuation of poverty exemption, without subsequent application, for homeowner who previously established eligibility; provide for in certain circumstances. Amends sec. 7u of 1893 PA 206 (MCL 211.7u).
Property tax: exemptions; property tax exemption for principal residence of certain senior citizens; provide for. Amends secs. 7u & 53b of 1893 PA 206 (MCL 211.7u & 211.53b) & adds sec. 7yy.
Requires State compensation of property owners for certain property devalued due to certain environmental laws; and requires State agencies to evaluate proposed administrative rules for potential to constitute taking of real property.
Requires State compensation of property owners for certain property devalued due to certain environmental laws; and requires State agencies to evaluate proposed administrative rules for potential to constitute taking of real property.