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).

HB 5235 clarifies who qualifies for Michigan's property tax credit on primary homes by expanding the definition of "owner" to include homeowners who place their homestead in revocable trusts or qualified personal residence trusts. This change directly affects homeowners using these specific trust structures to hold their primary residence, ensuring they remain eligible for the tax credit. The bill modifies existing law to explicitly include grantors (homeowners) who transfer their homestead into such trusts, removing ambiguity about their eligibility. It does not change the credit amount or create new requirements, only defining who qualifies under current rules. The bill is currently in committee review after being introduced in November 2025.