HB5236 — Individual income tax: property tax credit; definition of homestead; modify. Amends sec. 508 of 1967 PA 281 (MCL 206.508).

HB5236 — Individual income tax: property tax credit; definition of homestead; modify. Amends sec. 508 of 1967 PA 281 (MCL 206.508). · Informed CitizenryThis bill amends the Income tax act of 1967 by modifying section 508 (MCL 206.508) to address property tax credits and define 'homestead.' The amendments redefine several terms: "Gross rent" is def…Open in Informed Citizenry