SENIOR CITIZENS AND VETERANS

TAX INFORMATION

TAX CREDIT INFORMATION FOR SENIOR CITIZENS,

VETERANS AND DISABLED

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1. UNDER MICHIGAN LAW, A HUSBAND OR WIFE QUALIFYING TO FILE FOR A TAX CREDIT FILES A RETURN WITH THE MICHIGAN DEPARTMENT OF TREASURY AS SOON AS INCOME AND A STATEMENT OF TAXES ARE AVAILABLE. TAX DOES NOT HAVE TO BE PAID BEFORE APPLYING. THE STATE RETURNS A CHECK DIRECTLY TO THE APPLICANT FOR THE AMOUNT OF CREDIT.

THE DEADLINE FOR APPLYING FOR A TAX CREDIT ON 2008 TAXES ENDS APRIL 15, 2009.

2. SENIORS WITH $40,000 OR LESS HOUSEHOLD INCOME MAY DEFER SUMMER TAXES UNTIL FEBRUARY 15^TH WITHOUT PENALTY OR INTEREST BY MAKING APPLICATION YEAR WITH THE LOCAL TREASURER. ACT 274 P.A. 1978 211.51 SEC (2).
3. SENIORS WHO ARE 65, OR TOTALLY AND PERMANENTLY DISABLED, RESIDENT OF THE STATE FOR 5 YEARS, SOLE OWNER'S) OF THE HOMESTEAD FOR 5 YEARS OR MORE, AND WHO HAVE NOT RECEIVED A COMBINED INCOME OF MORE THAN $20670.00 IN THE LAST CALENDAR YEAR MAY APPLY FOR A DEFERMENT OF A SPECIAL ASSESSMENT IS DEFERRED WITH AN ANNUAL PERCENTAGE OF 6% PAYABLE YEARLY OR AT THE TIME OF PAYOFF TO THE STATE. AN ESTATE WILL HAVE 1 YEAR AFTER THE DATE OF DEATH OF THE OWNER, TO REIMBURSE THE STATE WITH NO ADDITIONAL INTEREST PENALTIES. WRITTEN CONSENT FROM THE PERSON HOLDING THE MORTGAGE OR LAND CONTRACT MUST ACCOMPANY THE APPLICATION. DEFERMENT MAY BE PAID OFF AT ANY TIME AT THE COUNTY TREASURER’S OFFICE OR DIRECTLY TO THE STATE TREASURER’S OFFICE.
4. THE LOCAL UNITS ARE PAID BY THE STATE FOR THE SPECIALS DEFERRED. THE STATE IS REIMBURSED BY THE COUNTY TREASURER WHEN THE SPECIAL IS PAID BY THE OWNER OF THEIR STATE.
5. PENALTIES AND INTEREST ON CURRENT TAXES THAT BECAME DELINQUENT ON MARCH 1^st  MAY BE WAIVED BY THE COUNTY TREASURER FOR ALL SENIORS, VETERANS, ETC., WHO APPLIED FOR TAX CREDIT. PAYMENT MUST BE MADE BY APRIL 30^th TO AVOID PENALTIES AND INTEREST. THE ELIMINATION OF COMMISSIONERS UNDER SPECIAL LEGISLATION FOR SENIORS. THIS LEGISLATION APPLIES ONLY TO THE HOMESTEAD (HOME RESIDED IN).