The landscape for Michigan first-time homebuyers has changed dramatically.
College graduates carry more student loan debt
Down payment requirements are more expensive and complex — but no less important
Michigan needs First-Time Homebuyer Savings Accounts – a savings tool to support Michigan homeownership.
Senate Bills 120 and 121 would create a smart savings vehicle to help Michigan grow by:
Encouraging homeownership in Michigan
Providing an incentivized savings tool to retain Michigan’s talent
Promoting financial literacy in the homebuying process, focusing on the importance of saving for and investing in a home
Providing more long-term stability to Michigan’s real estate industry through an increase in new construction and home sales
Help preserve Michigan homeownership – support passage of Senate Bills 120 and 121, a bipartisan effort to create the Michigan First-Time Homebuyer Savings Account.
Supporting Our Local Economy and Private Property Rights
Support private property rights and our vacation rental tradition
Michigan Realtors® believe that vacation rentals and the strength of the second-home market are essential to the health of Michigan’s economy. Our state has been a vacation and tourism destination for decades. The short-term rental of a fully furnished vacation home is a valued option for Michigan vacationers.
Passage of House Bill 4046 will:
Ensure that Michigan homeowners can maximize their property value by using short-term rental arrangements
Provide clarity about and protection for a practice that has long been permitted and is essential to the viability of local resort economies
Support local control with fair regulation and enforcement of existing nuisance controls
Support our local economy and independent business owners with your support of House Bills 4540-4543
This legislation will require online and out-of-state retailers that sell goods in the state of Michigan to collect and remit a 6% sales tax.
House Bills 4540-4543 would apply to all retailers, whether they have a physical presence in Michigan.
The state estimates that with the implementation of this bill package, the sales and use tax revenue will increase by $168 million in 2019, $225 million in 2020, and $240 million in 2021.
This legislation will “level the playing field” between large online retailers and small in-state businesses.
Please support House Bills 4540-4543 and our local economy.
Paid for by Michigan REALTORS®, 720 N. Washington Ave., Lansing, MI 48906