Below, please find a list of current legislation the MAR is currently tracking that may affect the real estate industry. To access any of these bills, please visit: www.michiganlegislature.org and type in the bill number desired. At the site, you can view the current bill status, sponsors, and any analysis on the legislation. Call the MAR Public Policy Department at 800.454.7842 for questions, comments and to learn more about MAR's position on current legislation.
HB 4045 - Neighborhood Enterprise Zones
Revises requirements for filing certain applications for a neighborhood enterprise zone.
HB 4056 - Contstruction Permits
Expedites building permit process for LEED certified projects.
HB 4144 - Arts Districts
Establishes a process for designating arts districts.
SB 126 - Plant Rehabilitation
Allows exemption of eligibility requirements to obtain an industrial facilities exemption certificate.
SB 217 - Commerce Centers
Creates commerce centers in certain communities.
SB 262 - Enterprise Zones
Modifies time between notice on neighborhood enterprise zones and decision making.
HB 4033-4 - Civil Procedure, Foreclosure
Make applicable to MSHDA mortgages and land contracts a 1-year moratorium on residential mortgage and land contract foreclosures.
HB 4046 - Civil Procedure, Foreclosure
Establish mediation program and moratorium for residential mortgage foreclosures.
HB 4065 - Predatory Lending, Consumer Credit
Replaces consumer mortgage protection act with home loan protection act.
HB 4066(TIE BAR with 4065) - Mortgage Brokers
Requires compliance with home loan protection act and imposes additional duties with respect to borrowers.
HB 4067 (TIE BAR with 4065) - Mortgage Brokers
Requires compliance with home loan protection act in secondary market and imposes additional duties with respect to borrowers.
HB 4453 - Mortgage Mediation
Creates a mediation program for mortgages of certain residential property that are in default.
HB 4454 - Mortgage Mediation
Creates a mediation program for mortgages of certain residential property that are in default.
HB 4455 - Mortgage Mediation
Creates a mediation program for mortgages of certain residential property that are in default.
HR 35 - Homeowners
Memorializes Congress to create the Homeowners and Bank Protection Act.
SB 032 - Foreclosure Notice to Tenants
Allows 90 days before eviction.
SB 033 - Foreclosure Notice to Tenants
Requires new owner to assume rights and obligations of the former mortgagee. Lease continues after foreclosure, and notice is provided to tenants.
SB 076 - Tax Assessments
Requires a single year sales study to be conducted in cases where it would result in a lower SEV. It would also require the use of foreclosures in the calculation.
HB 4088 - Hire Michigan First bills 4083-4094, Renaissance Zones
Modify elegibility requirements for renaissance zones.
HB 4089
Modifies Michigan economic growth authority.
HB 4090 - Historic Preservation Credit
Provides historic preservation tax credit preferences and penalties.
HB 4091 - Obsolete Property
Modify obsolete property and rehabilitation act.
HB 4092 - Industrial Development
Modify industrial development revenue bond act.
HB 4093 - Plant Rehab
Modify plant rehabilitation.
HB 4094 - Transportation Development
Modify transportation economic development fund.
HB 4128 - Taxable Value
Implements a limitation on taxable value based on change in SEV.
HB 4135 - Property Assessment
Prohibits an in increase in taxable value of property if market value is decreasing.
HB 4171 - Housing Fund
Provides for an increase in county real estate transfer tax for communities creating a housing trust fund.
HB 4173 - Housing
Established the housing trust fund.
HB 4026 - Fire, State Agencies
Allows fees for fire inspection services.
HB 4162 - Home Inspections
Provides for licensure and regulation of home inspection services and requires certain disclosures and contract provisions.
HB 4084 - Brownfields
Modifies eligibility requirements.
HB 4142 - Vacant Property
Enhances requirements for maintenance of vacant property.
HB 4153 - Wetlands
Surrenders wetlands permit program to federal delegation.
HB 4209 - Park Land Sale
Gives local governments the first option of purchasing state park land that is being put up for sale.
HB 4223 - Landlocked Cemeteries
Prohibits in platting process landlocked cemeteries.
HB 4462 - Commerce Centers
Creates commerce centers in certain communities.
SB 045 - Septics
Provision for a uniform Statewide code and inspection procedure. Regulates on-site wastewater treatment systems.
SB 187 - Wetlands Permits
Delegates to federal government the responsibility to process wetlands permits.
HB 4024 - Housing Inventory
Provides the right for a tenant to be present during the landlord housing inventory checklist.
HB 4211 - Rental Property Foreclosure
Requires 30-day notice to tenants by landlord of foreclosure of property.
HB 4251 - Solid Waste
Establishes requirement for landlord to provide a means for solid waste disposal to tenants being evicted.
SB 086 - Landlord Notice
Require the rental agreement to provide for 24 hour notice before landlord enters tenants premises.
HB 4234 - Appraiser License
Repeals provisions regarding laspe of real estate appraiser license.
HB 4158 - Lien Payment
Modifies lien payment regarding expiration or relinquishment of developmental rights agreement. Concerns farmland and open space.
HB 4120 - MBT Surcharge Repeal
Repeals MBT surcharge tax.
HB 4126 - MBT Surcharge Repeal
Repeals MBT surcharge tax.
HB 4165 - MBT Surcharge
Provides a 2-year-phaseout of MBT surcharge.
HB 4226 - MBT Gross Receipts
Reduces rate of the modified gross receipts tax.
HB 4256 - MBT Penalties
Provides for relief from penalties and interest associated with underpayment of estimated BBT.
HB 4421 - Property Income
Excludes income from certain dispositions or property in certain circumstances from business income base of MBT.
SB 001 - Surcharge elimination through 2 years
50% in '09 and eliminated afterward.
SB 069 - Small business alternative tax
Increases income to $1.5mil and income threshold to $250k. Reduction in select circumstances. Credit to small businesses and entrepreneurs.
SB 072 - Listing of tax credits
Requires Treasury to list the MBT credits available, how many people utilized, and the effectiveness of each cedit.
SB 091 - MBT First Year Tax
Clarifies calculation of Michigan Business Tax for first tax year.
SB 192 - Building Services Tax
Includes in MBT payments for construction management architectural and engineering services as purchases from other firms.
SB 219 - MBT Royalty Exemption
Provides MBT exemption for royalties and interest paid to foreign person.
HB 4017-20 - Elections on millage issues
Amends election law to allow nonresident owners of real property to vote on millage issues.
HB 4032 - Property taxes, personal property
Revises classification of leased personal property.
HB 4035 - Property Tax Exemptions
Revises poverty exemption to property taxes.
HB 4050 - Delinquent Taxes
Excludes water and utility bills from items included in delinquent taxes under the General Property Tax Act.
HB 4095 - Millage Renewal
Restricts time period during which the question of a millage renewal request can be presetned under the General Property Tax Act.
HB 4119 - Delinquent Taxes
Modifies eligibility for deferral of delinquent property tax fees for certain individuals.
HB 4200 - Timber Cutover
Exempts adjoining and contiguous timber-cutover property from property tax under principal residence exemption.
HB 4218 - Farm Tax Deferment
Clarifies eligibility for property tax deferment on agricultural lands.
HB 4233 - Homestead Property Tax
Provides for partial year homestead credits; provides for cash value based on appraisal.
HB 4323 - Homestead Exemption
Revises filing deadline for homestead property tax exemptions for individuals purchasing foreclosed homes.
HB 4361 - Sale Price of Home
Establishes sale price as presumptive true cash value when property is sold.
HB 4412 - Tax Foreclosure
Extends property tax foreclosure process to three years.
HB 4414 - Homestead Exemption
Revises audit process for homestead exemption irregularities.
HB 4418 - Property Tax Roll
Prepares a separate property tax roll for property eligible for exemption, deduction or credit under the Michigan renaissance zone act.
HB 4456 - Rental Property
Revises property tax assessment of commercial rental property.
HB 4457 - Rental Property
Creates a specific tax on commercial rental property.
HJR B - Property Taxes
Amends constitution to limit increase in property taxable value if market value is decreasing.
HJR E - Property Taxes
Amends constitution to limit taxable value based on change in SEV.
HJR G - Property Taxes
Constitutional limit on increase in property taxable value assessment when market value increases by less than 5% or the rate of inflation.
HJR I - Property Taxes
Limits increase in property's taxable value upon transfer.
SB 073 - Homestead Tax Credit
Increases the amount of the homestead tax credit available for MI income tax. In 2010, it would increase the income threshold to $83,650.
SB 077 - Principal Residence Date
Prorating the principal residence exemption from the time a person moves into a property. This would begin in tax year 2009.
SB 084 - Sinking Funds
Expands the use of school sinking funds.
SB 191 - Homestead credit increase
Increases homestead property tax credit and income multiplier
SB 218 - New Home Construction
Exempts property tax on new construction on principle home for certain period.
SJR H - Property Taxes
Amends constitution to limit increase on property tax when market value decreases.
HB 4001 - Income tax, property tax credit
Income qualifier phaseout and amount of credit.
HB 4004 - Income tax credit; energy, alternative sources
Create income tax credit for the purchase and installation of certain residential renewable energy systems.
HB 4122 - Construction Tax
Property tax exemption for new construction.
HB 4193 - Energy Efficiency
Provides an income tax credit for certain energy efficient home inprovements and certain energy efficient residential structures.
HB 4231 - Solar Credit
Provides for income tax purchase and installation of a solar energy system in residential structures.
HB 4241 - Biomass Fuel Credit
Provides tax credit for purchase of biomass fuel.
HB 4338 - Solar Energy
Provides for income tax credit for purchase and installation of a solar energy system in residential structure.
SB 090 - Historic Tax Credit
Carryforward of unused historic preservation tax credit.
HB 4052 - Consumer Credit
Amends Michigan homeownership preservation fund so that it is financed with civil fines.
HB 4123 - Real Estate
Eliminates requirement to display real estate broker's license of each salesperson employed in place of business.
HB 4201 - Easements
Revises policy for granting easements across state owned land.
HB 4253 - Insurance Rates
Prohibits insurance rates based on location of insured's residence.
SB 070 - Taxation Transparency
Requires Treasury to share numbers with House and Senate Committee Chairs.
SB 071 - MEGA Reporting
Requires additional reporting of actual job created or retained and the actual amounts of capital required to qualify for the tax credits.
SB 213 - Carpenters
Provides for licensure of certain commerical carpenters.
SB 214 - Carpenters
Requires registration of residential carpenters.