State Rep. Kelly Breen (D-Novi) introduced House Bill 4496 this week to provide county treasurers with the legal authority to enter into repayment plans for commercial property taxes that are past-due. Additionally, this bill would allow commercial property owners to avoid foreclosure by the county as long as payments are being made.
“When I came to Lansing, I made a promise to work with everyone, regardless of party, to make a positive impact in our communities,” said Breen. “I’m proud to say this legislation makes good on that promise by having the bipartisan support of 38 of my House colleagues. I will continue to work across the aisle to advance important legislation for the small businesses and entrepreneurs of our state.”
HB 4496 would replicate the repayment process currently used by counties with past-due residential property taxes. According to the Oakland County Treasurer’s Office, the county is currently owed over $7 million in delinquent commercial property taxes. Throughout the state, dozens of other counties have some level of delinquent commercial property taxes, indicating numerous Michigan businesses in need of assistance. Breen’s bill was referred to the House Committee on Local Government for further consideration.
# # #