SB55 — Property tax: exemptions; retroactive application of poverty exemption; provide for. Amends secs. 7u & 53b of 1893 PA 206 (MCL 211.7u & 211.53b).

SB55 — Property tax: exemptions; retroactive application of poverty exemption; provide for. Amends secs. 7u & 53b of 1893 PA 206 (MCL 211.7u & 211.53b). · Informed CitizenryThis bill amends the General Property Tax Act to modify the rules for property tax exemptions based on poverty. It establishes that a person's principal residence is eligible for a full or partial…Open in Informed Citizenry