––––––––––––––––––––
Subscribe to the Legal News!
https://www.legalnews.com/Home/Subscription
Full access to public notices, articles, columns, archives, statistics, calendar and more
Day Pass Only $4.95!
One-County $80/year
Three-County & Full Pass also available
- Posted June 16, 2014
- Tweet This | Share on Facebook
Snyder signs bill easing rental property tax burden
Last Thursday, Michigan Gov. Rick Snyder signed bipartisan legislation lessening property tax obligations for owners of rental properties.
"This bill simplifies the tax code, lightens tax burdens for rental home owners and provides improved customer service to both owners and residents," Snyder said.
Senate Bill 114, sponsored by state Sen. Vincent Gregory, updates the General Property Tax Act to lighten the tax burden on rental home owners. It also limits the use of occupancy rates in determining the taxable value of a property. The bill aligns the current tax code with the 2002 Michigan Supreme Court ruling in WPW vs. Troy.
The bill is now Public Act 164 of 2014. For additional information on legislation, visit legislature.michigan.gov.
Published: Mon, Jun 16, 2014
headlines Oakland County
- Judge’s memorial unveiled
- Bring ’em to Ingham? Not necessarily, Supreme Court rules of lawsuits state files
- Nessel secures preliminary injunction protecting USDA funding
- Final judgment secured in lawsuit challenging administration’s $100k tax for H-1B visas
- Woman sentenced for distributing child porn, prosecutor disappointed with sentence imposed
headlines National
- Bill Kurtis’ memoir tells how law school trained him for covering trials
- ACLU and BigLaw firm use ‘Orange is the New Black’ in hashtag effort to promote NY jail reform
- Justice Barrett’s home targeted in attempted swatting call
- Texting-and-driving charges dropped against woman without right hand
- Fender warns guitar makers to stop producing Stratocaster look-a-likes
- General counsel compensation climbs, aligned with equity and company scale
