Budget & Taxes (Property Tax)

HB 5275 modifies Michigan's property tax credit for individual income tax by changing the definition of "disabled veteran" and removing a limit on the credit amount for qualifying veterans. The bill amends sections 506 and 520 of the 1967 Income Tax Act (MCL 206.506, 206.520) to expand eligibility and eliminate a cap previously applied to this credit. This directly affects disabled veterans who claim the property tax credit, allowing them to receive the full credit amount without the prior limitation. The change is a specific policy adjustment to the tax code, not a new benefit.

HB 5272 proposes to create a new property tax credit for disabled veterans and surviving spouses (widows/widowers) of disabled veterans who rent or lease a home in Michigan. It amends Michigan’s income tax law to add this credit and specifically exclude it from the state’s income tax cap. This would directly benefit qualifying renters who are disabled veterans or surviving spouses, providing them with a tax reduction they currently cannot access under existing rules. The bill does not change other tax credits or the overall tax structure.

HB 5246 changes Michigan's property tax classification by adding "parcels used to cultivate marihuana" to the definition of commercial real property under the General Property Tax Act. This means properties used for marijuana cultivation will now be taxed at commercial rates instead of potentially lower agricultural rates. The bill directly affects licensed marijuana cultivators and property owners who operate cannabis farms. The key provision amends Section 34c(2)(b)(v) of the tax act to explicitly include marijuana cultivation within the commercial property category, using definitions from Michigan's Marihuana Act. This is a straightforward policy change to align tax treatment with the commercial nature of cannabis cultivation operations.