Provides property tax exemption for senior citizens' principal residences after December 31, 2025.
This bill amends the Michigan Property Tax Act to exempt property taxes for senior citizens who own and occupy their principal residences after December 31, 2025. The exemption applies to taxes levied under this act, with the property subject to a specific tax under the senior citizens principal residence specific tax act. The bill's enactment is contingent on the passage of House Bill No. 4372.
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