SB485 — Taxation: specific tax; application of tax reverted property specific tax to certain tax delinquent property sold or otherwise conveyed by a foreclosing governmental unit; provide for. Amends secs. 4 & 5 of 2003 PA 260 (MCL 211.1024 & 211.1025). TIE BAR WITH: SB 484'25

SB485 — Taxation: specific tax; application of tax reverted property specific tax to certain tax delinquent property sold or otherwise conveyed by a foreclosing governmental unit; provide for. Amends secs. 4 & 5 of 2003 PA 260 (MCL 211.1024 & 211.1025). TIE BAR WITH: SB 484'25 · Informed CitizenryThe bill amends sections 4 and 5 of 2003 PA 260, concerning the 'Tax reverted clean title act,' to establish an eligible tax reverted property specific tax. Under Section 4, authorities must provi…Open in Informed Citizenry