Mich. senator seeks to restore property tax credit

A Michigan lawmaker is proposing another way to return some of a budget surplus to taxpayers.
AP Wire
Feb 4, 2014

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.

Comments

LIAMD

STOP giving large business tax exemptions, there's absolutely no need to continue playing that game. Simply lower the taxation across the board in order to become more competitive. Reduce the corporate,income,sales,unemployment & property taxation and they will come..lots of them. Cut the fat from the budget (paying people not to work extentions,food stamps,WIC,Fed benefits etc..)in order to implement sound and attractive economic policies.

bigdeal

Election year tactics, don't fall for the Republican crap. SNYDER took the Tax Credit away to give tax cuts to his business buddies, now they want to restore them in an election year?

Vote Dick out! Vote Hildenbrand out, Lowell! Along with every other Republican. They don't care about you, period. What have they done for you lately? Nothing. Go to the polls en-mass this fall and vote these idiots out of office.

Former Grandhavenite

Seriously, it's pretty funny to see Snyder run away from his own policies since it's an election year. Anyone who falls for it has no right to get pissed when the tax burden is once again shifted from businesses to individuals immediately after Snyder's reelection.

If the Republicans honestly believe that the public interest is better served by giving welfare and tax cuts to businesses, then they should stick to their guns and defend the policies that they've put in place. To me this flip-flop implies that deep down they know it doesn't work, will cost them votes, and was always intended more as a reward to campaign contributors rather than a sincere effort at good governance.

Say no to new taxes

If you really wanted to be fair you would tax consumption and not income. People who make more, spend more, and on more expensive things. Taxing someone because they take care of their home (hence higher value) never made any sense to me, neither did tying school funding to property taxes.

Post a Comment

Log in to your account to post comments here and on other stories, galleries and polls. Share your thoughts and reply to comments posted by others. Don't have an account on GrandHavenTribune.com? Create a new account today to get started.