Insurance: other; housing opportunity credits against the retaliatory tax; provide for. Amends secs. 476a & 476b of 1956 PA 218 (MCL 500.476a & 500.476b). TIE BAR WITH: HB 5805’26, HB 5806’26
Key claim: Michigan HB 5807 allows housing opportunity tax credits to be applied against the insurance retaliatory tax under the Insurance Code of 1956.
Abstract
(HB5807 · 103rd Legislature) Insurance: other; housing opportunity credits against the retaliatory tax; provide for. Amends secs. 476a & 476b of 1956 PA 218 (MCL 500.476a & 500.476b). TIE BAR WITH: HB 5805’26, HB 5806’26 Sponsor: Rep. Joseph Aragona ® + 2 co-sponsors Latest vote: House Third Reading: Roll Call #336 — 94-12 (passed, 2026-07-03) Latest action (2026-07-29): Assigned Pa 31’26 With Immediate Effect
Why this matters
HB 5807’s enactment closes the three-bill Housing Opportunity Tax Credit package by extending the credit to insurers’ retaliatory tax liability under the Insurance Code — a mechanism that materially broadens the pool of taxpayers who can purchase or claim the credit, since insurance companies are typically major buyers of state housing tax credits. For Michigan taxpayers and affordable-housing developers, this parallels how the federal LIHTC market functions and increases the likely dollar demand for (and thus value of) the new state credit.