Individual income tax: property tax credit; owner and eligibility of a homestead placed in certain trusts; clarify. Amends sec. 510 of 1967 PA 281 (MCL 206.510).

Summary

The bill changes Michigan law to specify who can claim the individual income tax credit for property taxes when a homestead is held in a trust. It affects homeowners who have placed their primary residence in qualifying trusts and seeks to remove uncertainty about credit eligibility. The clarification is intended to ensure the credit is applied consistently.

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