KLS Keeping Law Simple Legislation in plain English

Straight-ahead summaries built from the official bill text. We keep the source links front and center and leave the decision up to you.

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HB4088 • 2026

Individual income tax: property tax credit; taxable value cap on homestead eligibility for credit; increase and modify adjustment factor. Amends sec. 520 of 1967 PA 281 (MCL 206.520).

Individual income tax: property tax credit; taxable value cap on homestead eligibility for credit; increase and modify adjustment factor. Amends sec. 520 of 1967 PA 281 (MCL 206.520).

Taxes
Active

The official status still shows this bill as active or still awaiting another formal step.

Sponsor
Bradley Slagh (District 85), Gina Johnsen (District 78), Pat Outman (District 91), Steve Frisbie (District 44), Angela Rigas (District 79), Jason Woolford (District 50), Luke Meerman (District 89), Joey Andrews (District 38)
Last action
2025-10-28
Official status
referred to second reading
Effective date
Not listed

Plain English Breakdown

Official source material lacks detailed specifics on the exact nature of modifications and their impact.

Property Tax Credit Changes for Homeowners

This law modifies the conditions under which homeowners can receive a property tax credit and adjusts how this credit is calculated.

What This Bill Does

  • Modifies the taxable value cap on homestead eligibility for the property tax credit.
  • Increases and modifies the adjustment factor used to calculate the amount of the property tax credit.

Who It Names or Affects

  • Homeowners who pay property taxes
  • People who file individual income tax returns

Terms To Know

Property Tax Credit
A reduction in the amount of money someone owes for their property taxes, based on certain conditions.
Homestead Eligibility
The rules that decide if a homeowner's primary residence qualifies them for special tax benefits.

Limits and Unknowns

  • The bill text does not provide specific details about the new limits or adjustments.
  • It is unclear how many homeowners will be affected by these changes.

Bill History

  1. 2025-10-28 HJ 103 Pg. 1702

    reported with recommendation without amendment

  2. 2025-10-28 HJ 103 Pg. 1702

    referred to second reading

  3. 2025-02-19 HJ 18 Pg. 124

    bill electronically reproduced 02/18/2025

  4. 2025-02-18 HJ 17 Pg. 121

    introduced by Representative Rep. Bradley Slagh

  5. 2025-02-18 HJ 17 Pg. 121

    read a first time

  6. 2025-02-18 HJ 17 Pg. 121

    referred to Committee on Finance

Official Summary Text

Individual income tax: property tax credit; taxable value cap on homestead eligibility for credit; increase and modify adjustment factor. Amends sec. 520 of 1967 PA 281 (MCL 206.520).