Bill
HB 5275
Individual income tax: property tax credit; definition of disabled veteran and exclusion from credit cap; provide for. Amends secs. 506 & 520 of 1967 PA 281 (MCL 206.506 & 206.520). TIE BAR WITH: HB 5272'25
Raises the homestead property tax credit cap to $165,400 and ties future caps to CPI starting 2026, expanding eligibility for homeowners (including disabled veterans).