HB4088 — 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).

HB4088 — 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). · Informed CitizenryThe bill amends Michigan's Income tax act of 1967 to modify property tax credits for homesteads. For owners, a credit can be claimed for property taxes on the taxpayer's homestead deductible for fe…Open in Informed Citizenry