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Legislation watch
2019 Senate Bill 319: Make more expensive rental property eligible for developer tax breaks
Public Act 3 of 2019
Introduced by Sen. Jeremy Moss D-Southfield on May 14, 2019
To increase the cap on the cash value of residential rental property eligible for property tax breaks under a “neighborhood enterprise zone” subsidy program for developers. The cap would rise from $80,000 per unit in cash value to $120,000 per unit, and this would be indexed to inflation going forward. Official Text and Analysis.
Referred to the Senate Economic and Small Business Development Committee on May 14, 2019
Reported in the Senate on June 18, 2019
With the recommendation that the substitute (H-1) be adopted and that the bill then pass, which divides the bill's provisions between it and the identical House Bill 4091.
Received in the House on September 19, 2019
Referred to the House Commerce and Tourism Committee on September 19, 2019
Reported in the House on October 24, 2019
Refer to the Committee on Ways and Means with the recommendation that the substitute (H-1) be adopted.
Referred to the House Ways and Means Committee on October 24, 2019
Reported in the House on December 4, 2019
With the recommendation that the substitute (H-1) be adopted and that the bill then pass.
Received in the Senate on December 19, 2019
To concur with the House-passed version of the bill.
Signed by Gov. Gretchen Whitmer on January 24, 2020