Michigan · 2025-2026 Regular Session · Bill

SB 565: Property tax: exemptions; fund from which municipalities are reimbursed for certain revenue lost due to the small business property tax exemption; modify to require that unused funds lapse to the general fund. Amends sec. 3a of 2000 PA 489 (MCL 12.253a).

Enacted Last action October 8, 2025: ASSIGNED PA 0027'25 WITH IMMEDIATE EFFECT

Plain-language summary

SB 565 is a bill introduced in the Michigan Senate on September 18, 2025. According to its official title, it concerns: Property tax: exemptions; fund from which municipalities are reimbursed for certain revenue lost due to the small business property tax exemption; modify to require that unused funds lapse to the general fund. Amends sec. 3a of 2000 PA 489 (MCL 12.253a). Primary sponsor: Sarah Anthony (Democratic). Most recent recorded action (October 8, 2025): ASSIGNED PA 0027'25 WITH IMMEDIATE EFFECT.

Sponsors

Primary sponsor: Sarah Anthony (Democratic).