Taxation: state real estate transfer; state real estate transfer tax; repeal. Repeals 1993 PA 330 (MCL 207.521 - 207.537).

Summary

House Bill 5874 eliminates the 1993 State Real Estate Transfer Tax Act (MCL 207.521‑207.537). The repeal would take effect 90 days after becoming law, but only if House Bill 5880 is also enacted. The legislature also states it will appropriate money to the state school aid fund to offset any revenue loss from the repeal.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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