Individual income tax: credit; credit for the sale of mobile home park or seasonal mobile home to residents or resident's association or cooperative; provide for. Amends 1967 PA 281 (MCL 206.1 - 206.847) by adding secs. 281 & 678. TIE BAR WITH: SB 0937'26

Summary

Starting in tax years beginning on or after Jan. 1, 2026, owners of mobile home or seasonal parks can claim a credit equal to 15% of the sale price when they sell to a resident, resident association, or cooperative, provided they give the required notice. The credit reduces the seller’s state income tax liability but cannot generate a refund if it exceeds the tax owed. The measure also allows members of qualifying flow‑through entities to claim the credit based on their share of income.

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