Michigan HB4121 prohibits local governments from enacting caps on property tax revenue that require automatic reductions in millage rates.

Michigan HB4121 amends the Michigan Compiled Laws to prohibit local governmental units, such as counties, cities, townships, and villages, from enacting caps on the gross dollar amount of annual property tax revenue that necessitate automatic reductions in fixed millage rates. This amendment ensures that any local property tax cap does not include limitations on taxes imposed by state constitution or law. If a local unit has already enacted such a cap, it is declared void and unenforceable.

Michigan HB4121 prohibits local governments from enacting caps on property tax revenue that require automatic reductions in millage rates.

Michigan HB4121 amends the Michigan Compiled Laws to prohibit local governmental units, such as counties, cities, townships, and villages, from enacting caps on the gross dollar amount of annual property tax revenue that necessitate automatic reductions in fixed millage rates. This amendment ensures that any local property tax cap does not include limitations on taxes imposed by state constitution or law. If a local unit has already enacted such a cap, it is declared void and unenforceable.