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HB 6184

Financial institutions: mortgage brokers and lenders; consolidation of certain licensing statutes related to residential mortgages; make conforming changes in the Michigan business tax act. Amends sec. 111 of 2007 PA 36 (MCL 208.1111) TIE BAR WITH: HB 6177'26

2025-2026 Regular Session Introduced by Greg Alexander and 3 co-sponsors

HB 6184 aligns gross receipts tax rules with a consolidated residential mortgage licensing framework, affecting how mortgage-related revenues are taxed in Michigan.

bill electronically reproduced 07/03/2026
#financialinstitutions:mortgagebrokersandlenders
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Bill Summary · HB 6184

What this bill is about

  • Bill: HB 6184 (Michigan, 2025-2026)
  • Purpose: Amend the Michigan Business Tax Act (2007 PA 36) to modify gross receipts definitions and conforming provisions related to financial institutions, specifically in the context of mortgage brokers, lenders, and licensing statutes. The bill includes a tie-bar with HB 6177.
  • Effective date: Enactment is contingent on HB 6177 becoming law (a tie-bar).

Main purpose and intent

  • Align and consolidate licensing statutes affecting residential mortgages and related financial activities, as part of broader tax and regulatory conformity.
  • Integrate changes within the existing gross receipts framework of the Michigan business tax act, ensuring the treatment of certain mortgage-related activities under gross receipts is consistent with the revised licensing regime.

Key provisions and changes

  • Amendments to Sec. 111 of the Michigan Business Tax Act (MCL 208.1111), as amended by 2014 PA 282.
  • Definitions and treatment of “gross receipts”:
    • The bill largely preserves a detailed, phased-in approach to what counts as gross receipts under the act, including numerous exclusions and phased-in inclusions (as shown in the current tax base language).
    • Specific language related to mortgage activities appears in the list of excluded or included items, including the treatment of transfers, receipts, and certain revenue streams associated with mortgage origination, servicing, and related financial transactions.
    • A notable portion of the bill grid is the subsection (t) and (u) references, which define “mortgage company” and related licensing status:
    • (t) For a mortgage company: proceeds representing the principal balance of loans transferred or sold in the tax year. Defines “mortgage company” as a entity with more than 90% of revenue from origination, sale, or servicing of residential mortgage loans, with specifics about timing relative to the effective date of a residential mortgage licensing and supervision act.
    • (u) For a professional employer organization (PEO) and related wage/benefit charges (not specific to mortgage licensing but part of the broader tax base).
  • Tie-bar with HB 6177:
    • The enactment of HB 6184 is conditioned on the passage of HB 6177. If HB 6177 does not become law, HB 6184 does not take effect.
    • HB 6177 appears to be the companion measure that would establish or modify the “residential mortgage licensing and supervision act” referenced for the mortgage company definition and related licensing structure.

Who would be affected

  • Mortgage industry participants in Michigan:
    • Mortgage brokers, mortgage lenders, and mortgage servicers that derive the majority (>90% in some cases) of revenue from origination, sale, or servicing of residential mortgage loans.
    • The defined group would be affected by how gross receipts are calculated and what is included or excluded for tax purposes.
  • Licensing and regulatory regime:
    • Entities subject to the residential mortgage licensing and supervision act (as described) would see alignment between licensing requirements and tax treatment of mortgage-related revenue.
  • Employers and professional organizations (broader tax base):
    • Provisions affecting professional employer organizations and related wage costs, though these provisions are general to the tax act.

Procedural and timeline aspects

  • Introduced: July 3, 2026
  • Committee: Referred to the House Committee on Finance
  • Enactment condition: Takes effect only if HB 6177 is enacted into law (tie-bar constraint).
  • Next steps: If HB 6177 advances and is enacted, HB 6184 would proceed through the usual legislative process (subsequent readings, amendments, votes, and potential reconciliation with the Senate).

Summary in plain terms

HB 6184 seeks to modernize and align Michigan’s gross receipts tax rules with a consolidated licensing framework for residential mortgage activities. It makes conforming changes to how certain mortgage-related revenues are taxed under the Michigan Business Tax Act and ties its effective date to the passage of HB 6177, signaling coordinated reform of mortgage licensing and taxation. The bill targets mortgage brokers, lenders, and servicers with substantial residential mortgage revenue and would influence how their tax base is calculated in Michigan, subject to the enacted licensing regime.

Compiled from official sources — confirm details with the bill’s official record.

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