Laws & Taxes

Laws & Taxes

Disabled Veterans Reminded to Contact Local Municipality to Qualify for Property Tax Exemption

WASHINGTON, D.C. - December 5, 2013 - (RealEstateRama) -- The Michigan Department of Treasury is reminding U.S. Military veterans, deemed to be 100% disabled as the result of military service, that they must file an affidavit with their local unit of government confirming eligibility for property tax relief provided under Public Act 161 of 2013, which Gov. Rick Snyder signed into law last month

MAR Top Industry Priorities of 2013

WASHINGTON, D.C. - March 12, 2013 - (RealEstateRama) -- Tax Records – Preserving the affordability and quality of public tax data. REALTORS® know better than anyone that this information is vital for the daily operation of those working within the real estate industry and the public at large. The MAR aims to work with the Michigan Legislature to keep the cost of this public information reasonable and will help Governor Snyder and all interested parties make online information accurate and beneficial to everyone.

The road to prosperity should NOT be paved with a tax on commissions!

WASHINGTON, D.C. - February 27, 2013 - (RealEstateRama) -- As the legislature continues to look at ways to fund this proposal, many ideas have been presented. Recently, a sales tax on services has been thrown into the mix of funding mechanisms being discussed.

MPSC: Home Heating Credits Now Being Processed

WASHINGTON, D.C. - January 30, 2013 - (RealEstateRama) -- The Michigan Public Service Commission (MPSC) today noted that the Michigan Department of Treasury is now processing Michigan Home Heating Credits (HHC) for the 2012 tax year. The credit assists low-income customers with winter energy bills

Lt. Governor, lawmakers offer plan to reform personal property tax

LANSING, MI - November 28, 2012 - (RealEstateRama) -- A plan to keep Michigan's economy driving forward by reforming the burdensome personal property tax was outlined today by Lt. Gov. Brian Calley, Senate Majority Leader Randy Richardville and House Speaker Jase Bolger. The proposal recognizes the vital role that strong communities and schools play in Michigan's future by providing reimbursement rates to most local units of 100 percent for police, fire and ambulance revenue losses and a minimum of 80 percent for everything else. It also holds the School Aid Fund harmless and fully covers school debt.

DHS Summarily Suspends Adult Foster Care Small Group Home License

LANSING, - July 31, 2012 - (RealEstateRama) -- The Michigan Department of Human Services (DHS), Bureau of Children and Adult Licensing (BCAL) has issued an order of summary suspension and notice of intent to revoke the license of St. Clair County adult foster care small group home licensee Cathey Elsacker. Ms. Elsacker operates Oasis Senior Care adult foster home, #AM740092424, 1218 Center Road, Port Huron, Michigan 48060.

Reps. Peters and Campbell Introduce Bipartisan Plan to End Bailouts & Protect Homeownership

Washington, DC - May 13, 2011 - (RealEstateRama) -- Representative Gary Peters and Representative John Campbell (R-CA) have introduced a bipartisan plan to reform the mortgage market - putting an end to taxpayer-funded bailouts while preserving access to affordable mortgages for middle class families.

Owosso to Host Historic Preservation Tax Credit Workshop for Commercial Property Owners

LANSING, MI - March 17, 2011 - (RealEstateRama) -- Owners of historic commercial properties are encouraged to attend a workshop on maximizing the use of Federal and State Historic Preservation Tax Credits on, Thursday, March 24. The workshop will be presented by the City of Owosso, Owosso Main Street/DDA, the Michigan Historic Preservation Network/National Trust for Historic Preservation and the State Historic Preservation Office.

Saginaw to Host Historic Preservation Tax Credit Workshop for Commercial and Residential Property Owners

LANSING, MI - March 16, 2011 - (RealEstateRama) -- Owners of historic residential and commercial properties are encouraged to attend a workshop on maximizing the use of Federal and State Historic Preservation Tax Credits on Tuesday, March 22. The workshop will be presented by the State Historic Preservation Office (SHPO), the Michigan Historic Preservation Network (MHPN), the National Trust for Historic Preservation (NTHP), and Preservation Saginaw.

Macomb County “Home Repair Assistance” Program is Back!

MOUNT CLEMENS, MI - March 4, 2011 - (RealEstateRama) -- Macomb County Executive Mark Hackel announced today that a popular housing rehabilitation program is back in operation after a brief hiatus.

Senator Steven Bieda Provides Property Tax Information Guide

WARREN, MI - March 3, 2011 - (RealEstateRama) -- State Senator Steven Bieda (D-Warren) announced today he has made available a taxpayer’s guide to property tax assessment to assist Macomb County residents. The guide, posted on Senator Bieda’s web-site at www.senate.michigan.gov/Bieda, focuses on taxpayer rights and explains the assessment appeals process

MPSC: Home Heating Credits Now Being Processed

January 21, 2011 - (RealEstateRama) -- The Michigan Public Service Commission (MPSC) today noted that the Michigan Department of Treasury is now processing Michigan Home Heating Credits (HHC) for the 2010 tax year. The credit assists low-income customers with winter energy bills.

FHA Regulations, Condominium Management, MBA and Law

Troy, MI - October 5, 2010 - (RealEstateRama) -- In the interest of encouraging law students and MBA students, the Board of the United Condominium Owners of Michigan (UCOM) has set aside four registrations for students of law and management schools in the Detroit area.

Cox Files Felony Charge in Hangar 42 Film Tax Credit Fraud

LANSING, MI - August 3, 2010 - (RealEstateRama) -- Attorney General Mike Cox today announced the filing of a charge against Joseph Peters, 46, of Ada on one count of attempted felony false pretenses over $20,000. The charge comes as a result of an ongoing investigation into a questionable Michigan Film Tax credit application Peters filed with the Michigan Film Office

Justice Department Settles Lawsuit Alleging Racial Discrimination at Ann Arbor, Michigan, Michigan Apartment Complex

WASHINGTON, DC - July 6, 2010 - (RealEstateRama) -- The owners and operators of Ivanhoe House Apartments, an apartment complex in Ann Arbor, Mich., have agreed to pay $82,500 to settle a lawsuit filed by the Justice Department alleging that they had discriminated against African-American home-seekers, in violation of the Fair Housing Act.

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New shorelands program helps waterfront homeowners improve shorelines, inland lakes

The Michigan Natural Shoreline Partnership recently launched a program to help lakefront homeowners understand best practices to protect their shoreland and inland lakes. The Michigan Shoreland Stewards Program will recognize inland lake property owners who are using healthy property management practices to protect their inland lake and offer tips to improve the shoreline further.

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Gov. Rick Snyder signs legislation extending deadline to apply for personal...

Employers with eligible manufacturing personal property can now file for tax exemptions until May 31, 2017, under legislation signed today by Gov. Rick Snyder. Manufacturing personal property is defined as personal property located on land used for industrial processing.