Michigan SB1045: Individual income tax: property tax credit; owner and eligibility of a homestead placed in certain trusts; clarify. Amends sec. 510 of 1967 PA 281 (MCL 206.510).

What the bill says

To amend 1967 PA 281, entitled "Income tax act of 1967," by amending section 510 (MCL 206.510), as amended by 2011 PA 172.

From the introduced text, June 18, 2026:

A bill to amend 1967 PA 281, entitled "Income tax act of 1967," by amending section 510 (MCL 206.510), as amended by 2011 PA 172. the people of the state of michigan enact: Sec. 510. (1) "Income" means the sum of federal adjusted gross income as defined in the internal revenue code plus all income specifically excluded or exempt from the computations of the federal adjusted gross income. Also, a person an individual who is enrolled in an accident or health insurance plan may deduct from income the amount that person individual paid in premiums in the tax year for that insurance plan for the person's individual's family. Income does not include any of the following: (a) The first $300.00 of gifts in cash or kind from nongovernmental sources. (b) The first $300.00 received from awards, prizes, lottery, bingo, or other gambling winnings. (c) Surplus foods. (d) Relief in kind supplied by a governmental agency. (e) Payments or credits under this part. (f) A governmental grant that has to be used by the claimant for rehabilitation of the claimant's homestead. (g) Stipends received by a person an individual 60 years of age or older who is acting as a foster grandparent under the foster grandparent program authorized pursuant to section 211 of part B of title II of the domestic …

Read the full official text

Sponsors

• Daley, Kevin (R, 26) · primary sponsor
• McBroom, Edward (R, 38)
• Lauwers, Dan (R, 25)
• Johnson, Ruth (R, 24)
• Damoose, John (R, 37)
• Theis, Lana (R, 22)
• Nesbitt, Aric (R, 20)
• Outman, Rick (R, 33)
• Victory, Roger (R, 31)
• Bumstead, Jon (R, 32)
• Huizenga, Mark (R, 30)
• Webber, Michael (R, 9)

Latest actions

1. June 18, 2026: REFERRED TO COMMITTEE ON FINANCE, INSURANCE, AND CONSUMER PROTECTION
2. June 18, 2026: INTRODUCED BY SENATOR KEVIN DALEY

Common questions

What is SB1045?

SB1045 is a bill in the Michigan Legislature (103rd Legislature): Individual income tax: property tax credit; owner and eligibility of a homestead placed in certain trusts; clarify. Amends sec. 510 of 1967 PA 281 (MCL 206.510).

What does SB1045 do?

In its own words: To amend 1967 PA 281, entitled "Income tax act of 1967," by amending section 510 (MCL 206.510), as amended by 2011 PA 172.

What is the status of SB1045?

In committee as of June 18, 2026. Latest action: REFERRED TO COMMITTEE ON FINANCE, INSURANCE, AND CONSUMER PROTECTION (June 18, 2026).

Who sponsored SB1045?

Daley, Kevin (R, 26), with 11 co-sponsors.

Where is the official record for SB1045?

On the Michigan Legislature website: https://www.legislature.mi.gov/Bills/Bill?ObjectName=2026-SB-1045