Principal Residence Exemption eligibility requirements have now been clarified under legislation signed last Thursday by Michigan Gov. Rick Snyder.
“Ensuring equity in our tax system is critically important, and these bills help ensure individuals are only claiming one principal residence exemption,” Snyder said.
House Bills 4335-4336, sponsored by state Reps. Dave Pagel and Kim LaSata, respectively, amend the General Property Tax Act. HB 4335 specifies that an owner who has claimed a Principal Residence Exemption (PRE) in Michigan while claiming a similar exemption in another state would be prohibited from withdrawing the out-of-state exemption in order to receive the Michigan PRE. The bill also requires non-qualifying owners to pay a $500 penalty if found in violation of the law. HB 4336 prohibits wrongfully obtaining a PRE, with intent. The measures are now Public Acts 121-122 of 2017.
Snyder also signed one additional bill:
HB 4939, sponsored by state Rep. Peter Lucido, updates the implementation date established in Public Act 357 of 2016, which shifted an individual’s first Minor in Possession (MIP) charge from a misdemeanor to a civil infraction. HB 4939 resets the effective date of the legislation to January 1, 2018 instead of October 10, 2017, which it was inadvertently changed to in a subsequent amendatory act. This bill returns the effective date to January 1, 2018. It is now Public Act 123 of 2017.
For additional information on this and other legislation, visit www.legislature.mi.gov.
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