Senator Seeks To Restore Property Tax Credit - WLNS TV 6 Lansing - Jackson | Your Local News Leader

Senator Seeks To Restore Property Tax Credit

Posted: Updated:

LANSING, Mich. (AP) - A Michigan lawmaker is proposing another way to return some of a budget surplus to taxpayers.

Republican Sen. Dave Hildenbrand of Lowell said Monday he's introducing legislation to expand the Homestead Property Tax Credit to more homeowners. His plan would be retroactive to the 2013 tax year and authorize refund checks this year.

The credit is available to homeowners with household income below $50,000 and whose home's taxable value is below $135,000. Hildenbrand proposes raising the income threshold to $70,000.

In 2011, Gov. Rick Snyder and legislators made households with income between $50,000 and roughly $83,000 ineligible for the tax break as part of a business tax cut. Now lawmakers are considering an income tax cut or other tax relief.

Snyder will unveil his tax relief plan this week.

Powered by WorldNow
All content © Copyright 2000 - 2014 WorldNow and WLNS. All Rights Reserved.
For more information on this site, please read our Privacy Policy and Terms of Service.

Click Here to link to the FCC's public inspection file for WLNS-TV and Here to view the WLAJ-TV file. Persons with Disabilities who need assistance with issues relating to the content of this station's FCC public inspection file should contact: Teresa Morton- Program Director for WLNS and WLAJ at 517-372-8282. Questions or concerns relating to the accessibility of the FCC's public file system should be directed to the FCC at 888-225-5322, 888-835-5322 (TTY), or fccinfo@fcc.gov.