Rep. Tyrone Carter

Maddy summaryHB 5100 amends Michigan's Regional Convention Facility Authority Act to update governance rules for boards managing convention facilities. It requires all board actions to have unanimous consent (previously needing at least 4 of 5 members), mandates strict adherence to open meetings and public record laws, and adds new procurement rules favoring local vendors within the authority's region for purchases under $5,000. The bill directly affects regional convention authority boards, requiring them to follow clearer procedures for meetings, voting, and purchasing. These changes aim to increase transparency and prioritize local economic participation in convention facility operations.

Maddy summaryThis bill proposes renaming a specific section of Interstate 75 in Wayne County to honor Motor Carrier Officer Daniel M. Kerstetter. The designated stretch of road runs from Northline Road northward to London Avenue. By amending the Michigan Memorial Highway Act, the legislation formally establishes this new name for the roadway. The change directly affects the state's transportation records and signage along that portion of the highway.

Maddy summaryHB 5552 amends Michigan's interest rate law to allow lenders to charge higher interest rates on mortgage loans made primarily for business purposes, removing state rate limits for these loans. It also prohibits prepayment penalties exceeding 1% of the loan amount for personal/family home loans within the first three years, with no penalties allowed after that period. The bill sets a maximum 11% annual interest rate for certain other mortgage types, including purchase money mortgages and second mortgages, inclusive of all finance charges. This affects lenders and borrowers involved in business-purpose mortgages, personal/family home loans, and specific second mortgages under Michigan law.

Maddy summaryThis bill requires Michigan's Department of Treasury and the Department of Technology, Management, and Budget to create and maintain a free online tool for property taxpayers. The tool will allow individuals and businesses to estimate their property taxes and compare millage rates across different local areas in the state. By enabling users to input a street address for calculations, the calculator aims to provide clearer transparency regarding how property taxes are determined. The new requirement will take effect 180 days after the bill becomes law.

Maddy summaryThis bill seeks to repeal a 1964 law that prevented cities and villages in Michigan from imposing taxes other than standard property taxes. By removing this restriction, the legislation would allow local municipalities to explore alternative revenue sources beyond ad valorem property taxes. The change directly affects city and village governments, granting them the legal authority to levy different types of taxes if they choose to do so.

Maddy summaryThis bill proposes changes to Michigan's individual income tax law by adjusting the income limits for the property tax credit and the homestead property tax credit. Specifically, it seeks to increase the income thresholds that determine eligibility for these credits, which are financial benefits designed to help homeowners offset their property tax bills. The legislation directly affects Michigan residents who claim these credits on their state tax returns, as it would alter the income levels required to qualify for them. By amending specific sections of the state's Income Tax Act, the bill aims to modify how much income a taxpayer can earn while still receiving these tax reductions.

Maddy summaryThis bill proposes a partial property tax exemption for homeowners in Michigan who sell their principal residence and purchase a new one within a specific timeframe. It would reduce the taxable value of the new home by 67% in the first year and 33% in the second year following the sale, but only if the new home's assessed value is more than 20% higher than the old home's value. The measure applies exclusively to properties that already qualify for school operating tax exemptions and requires the simultaneous passage of a companion bill to take effect.

Maddy summaryHB 6002 amends Michigan's occupational code to update how real estate brokers and their agents must present themselves in advertisements. The bill clarifies that licensed brokers and their associates can advertise properties they personally own using their own names, provided they explicitly state their professional license status. It also requires that all real estate listings include the estimated annual property taxes based on the most recent state assessment. Additionally, the law mandates that brokers advertising under an assumed name must notify the licensing department within 30 days of adopting that name.

Maddy summaryThis bill modifies Michigan's property tax law to expand exemptions for homeowners who cannot pay taxes due to poverty. To qualify, individuals must own and live in their primary residence, file an annual claim with required income documentation, and meet specific financial thresholds based on federal poverty guidelines or fixed income limits like Social Security. Local officials will determine eligibility using clear income and asset criteria, granting either full or partial tax reductions depending on the applicant's situation. The legislation also allows certain residents with fixed incomes to keep their exemption for up to three years without reapplying, provided their financial status remains unchanged.

Maddy summaryThis bill updates Michigan's property tax laws to ensure homeowners are not penalized with higher taxes for spending money on normal home repairs and maintenance. It specifically lists common improvements, such as painting, roof repairs, and replacing heating systems, that should be excluded from property value calculations until the home is sold. Additionally, the bill requires assessors to ignore certain costs included in a home's purchase price, such as financing fees and survey expenses, when calculating property taxes. These changes aim to provide clarity and fairness for residential property owners and agricultural landowners by standardizing how specific expenditures are treated during assessments.