Michigan SB0423 eliminates certain delinquent tax payment reduction and foreclosure avoidance programs.

Michigan SB0423 amends sections 78g and 78q of the Michigan Compiled Laws to eliminate specific delinquent tax payment reduction and foreclosure avoidance programs. The bill details procedures for handling delinquent property taxes, including the forfeiture of property, interest calculations, and conditions for property redemption. It also outlines the criteria for eligible properties and the conditions under which a tax foreclosure avoidance agreement can be established. The provisions sunset on certain dates, effectively eliminating the programs they govern.

Michigan SB0423 eliminates certain delinquent tax payment reduction and foreclosure avoidance programs.

Michigan SB0423 amends sections 78g and 78q of the Michigan Compiled Laws to eliminate specific delinquent tax payment reduction and foreclosure avoidance programs. The bill details procedures for handling delinquent property taxes, including the forfeiture of property, interest calculations, and conditions for property redemption. It also outlines the criteria for eligible properties and the conditions under which a tax foreclosure avoidance agreement can be established. The provisions sunset on certain dates, effectively eliminating the programs they govern.