Mich. Admin. Code R. 206.30

Current through Vol. 24-19, November 1, 2024

Section R. 206.30 - Homestead property tax credit; part-year resident

Rule 30. A person who moved into or out of the state during the tax year and was a resident for at least 6 months may compute a property tax credit on his or her Michigan household income. For purposes of computing the credit, the taxes on the Michigan home bought or sold shall be reduced to the ratio of days occupied to total days in the tax year.

(a) Example 1. Mr. Jones came to Michigan on May 1, purchased a home, and moved into it with his family on June 1. The taxes on the home for the full year were $720.00. Mr. Jones received the following income:

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Mich. Admin. Code R. 206.30

1979 AC