Bill
SB 1045
Individual income tax: property tax credit; owner and eligibility of a homestead placed in certain trusts; clarify. Amends sec. 510 of 1967 PA 281 (MCL 206.510).
2025-2026 Regular Session
Introduced by Thomas Albert and 14 co-sponsors
SB 1045 broadens homestead tax eligibility by recognizing revocable trusts and QPRTs as valid owners for the Michigan homestead credit, expanding who qualifies.
REFERRED TO COMMITTEE ON FINANCE, INSURANCE, AND CONSUMER PROTECTION