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SB1044 • 2026

Individual income tax: property tax credit; definition of homestead; modify. Amends sec. 508 of 1967 PA 281 (MCL 206.508).

Individual income tax: property tax credit; definition of homestead; modify. Amends sec. 508 of 1967 PA 281 (MCL 206.508).

Taxes
Active

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

Sponsor
John Cherry (District 27), Kevin Daley (District 26), Dan Lauwers (District 25), Lana Theis (District 22), Ruth A. Johnson (District 24), John Damoose (District 37), Edward W. McBroom (District 38), Aric Nesbitt (District 20), Rick Outman (District 33), Roger Victory (District 31), Jon C. Bumstead (District 32), Mark E. Huizenga (District 30), Michael Webber (District 9), Jonathan Lindsey (District 17), Joseph N. Bellino Jr. (District 16), Thomas A. Albert (District 18)
Last action
2026-06-18
Official status
REFERRED TO COMMITTEE ON FINANCE, INSURANCE, AND CONSUMER PROTECTION
Effective date
Not listed

Plain English Breakdown

Using official source text because the generated explanation was unavailable or could not be confirmed against the official bill text.

Individual income tax: property tax credit; definition of homestead; modify. Amends sec. 508 of 1967 PA 281 (MCL 206.508).

Individual income tax: property tax credit; definition of homestead; modify.

What This Bill Does

  • Individual income tax: property tax credit; definition of homestead; modify.
  • Amends sec.
  • 508 of 1967 PA 281 (MCL 206.508).

Limits and Unknowns

  • This entry is temporarily using official source text because the generated explanation could not be confirmed against the official bill text during the last sync.

Bill History

  1. 2026-06-18 SJ 55 Pg. 669

    INTRODUCED BY SENATOR JOHN CHERRY

  2. 2026-06-18 SJ 55 Pg. 669

    REFERRED TO COMMITTEE ON FINANCE, INSURANCE, AND CONSUMER PROTECTION

Official Summary Text

Individual income tax: property tax credit; definition of homestead; modify. Amends sec. 508 of 1967 PA 281 (MCL 206.508).

Current Bill Text

Read the full stored bill text
KAS S04316'25 *_SB1044_INTR_1 svwigp

SENATE BILL NO. 1044

A bill to amend 1967 PA 281, entitled
"Income tax act of 1967,"
by amending section 508 (MCL 206.508), as amended by 2018 PA 588.
THE PEOPLE OF THE STATE OF MICHIGAN ENACT:
Sec. 508. (1) "Gross rent" means the total rent contracted to 1
be paid by the renter or lessee of a homestead pursuant to dealing 2
at arms' length with the landlord of the homestead. When If the 3
landlord and tenant have not dealt with each other at arms' length 4
and the department believes that the gross rent charged is 5
excessive, the department may adjust the gross rent to a reasonable 6
June 18, 2026, Introduced by Senators CHERRY, DALEY, LAUWERS, THEIS, JOHNSON,
DAMOOSE, MCBROOM, NESBITT, OUTMAN, VICTORY, BUMSTEAD, HUIZENGA,
WEBBER, LINDSEY, BELLINO and ALBERT and referred to Committee on Finance,
Insurance, and Consumer Protection.
2

KAS S04316'25 *_SB1044_INTR_1 svwigp
amount for the purposes of this chapter. 1
(2) "Homestead" means a dwelling or unit in a multiple-unit 2
dwelling that is subject to ad valorem taxes, or a service charge 3
in lieu of taxes as provided by section 15a of the state housing 4
development authority act of 1966, 1966 PA 346, MCL 125.1415a, 5
owned and occupied as a home by the owner of the dwelling or unit, 6
or occupied as the dwelling of the renter or lessee, including all 7
unoccupied real property not classified for ad valorem tax purposes 8
as commercial, industrial, residential, or timber-cut over, owned 9
by the owner of the homestead. Beginning in the 1990 tax year, a A 10
homestead does not include unoccupied real property that is leased 11
or rented by the owner to another person and that is not adjacent 12
and contiguous to the home of the owner. Additionally, all of the 13
following apply: 14
(a) If a homestead is an integral part of a larger unit of 15
assessment such as commercial, industrial, residential, timber-cut 16
over, or a multipurpose or multidwelling building, the tax on the 17
homestead shall be is the same proportion of the total property tax 18
as the proportion of the value of the homestead is to the total 19
value of the assessed property. 20
(b) If the gross receipts of the agricultural or horticultural 21
operations do not exceed the household income, or if there are no 22
gross receipts, the following apply: 23
(i) If the claimant has lived on the land 10 years or more, all 24
of the adjacent and contiguous agricultural or horticultural lands 25
shall be is considered a homestead and the credit is allowed for 26
all the land. 27
(ii) If the claimant has lived on the land less than 10 years, 28
not more than 5 acres of adjacent and contiguous agricultural or 29
3
Final Page
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horticultural land shall be is considered a part of the homestead 1
and the credit is allowed for that part of the land. 2
(c) A mobile home or trailer coach in a trailer coach park is 3
a homestead and the site rent for space is considered the rent of a 4
homestead. The specific tax levied by section 41 of 1959 PA 243, 5
MCL 125.1041, is considered a property tax. 6
(3) "Household" means a claimant and spouse. 7
(4) "Total household resources" means all income received by 8
all persons of a household in a tax year while members of a 9
household, excluding for tax years beginning after December 31, 10
2018 any compensation received pursuant to under the wrongful 11
imprisonment compensation act, 2016 PA 343, MCL 691.1751 to 12
691.1757, and increased by the following deductions from federal 13
gross income: 14
(a) Any net business loss after netting all business income 15
and loss. 16
(b) Any net rental or royalty loss. 17
(c) Any carryback or carryforward of a net operating loss as 18
defined described in section 172(b)(2) of the internal revenue 19
code. 20