Individual income tax: property tax credit; definition of homestead; modify. Amends sec. 508 of 1967 PA 281 (MCL 206.508).
Key claim: HB5236 proposes to amend the definition of ‘homestead’ under Michigan’s individual income tax property tax credit statute (MCL 206.508).
Abstract
(HB5236 · 103rd Legislature) Individual income tax: property tax credit; definition of homestead; modify. Amends sec. 508 of 1967 PA 281 (MCL 206.508). Latest action (2026-06-09): Referred To Second Reading
Why this matters
The homestead property tax credit is one of Michigan’s largest individual income tax relief mechanisms for homeowners and renters, and shifts to the definition of ‘homestead’ can expand or narrow who qualifies and how much relief they receive. Even incremental definitional amendments can reshape credit eligibility across hundreds of thousands of taxpayers and alter state revenue projections.