First-Time Home Buyer Savings Program

Current understanding

To be populated as evidence accumulates.

2026-05-13 — Individual income tax: deductions; sunset on deductions for contributions to a first-time home buyer savings account; extend. Amends sec. 30 of 1967 PA 281 (MCL 206.30). TIE BAR WITH: HB 5967’26: cross-connection with first-time-home-buyer-savings-deduction: HB 5973 (deduction sunset extension) is tie-barred to HB 5967, which governs the underlying first-time home buyer savings program. (novelty: 2)
2026-05-13 — Individual income tax: other; first-time home buyer savings program; extend sunset. Amends sec. 5 of 2022 PA 6 (MCL 565.1005). TIE BAR WITH: HB 5973’26: Introduced bill amends sec. 5 of 2022 PA 6 (MCL 565.1005) to extend the sunset on Michigan’s first-time home buyer savings program; tie-barred with HB 5973’26. (novelty: 2)