A Michigan couple is entitled to a tax break for their principal residence in the state even though they claimed exemptions in Utah for rental property, the state high court ruled.
Michigan’s principal-residence exemption allows taxpayers to avoid local school district property taxes on their homestead, but not if they have claimed a “substantially similar” exemption in another state. The Michigan Supreme Court ruled Friday 5-1 that taking a Utah exemption for landlords doesn’t cancel out Michigan’s exemption.
Utah’s landlord exemption “is not substantially similar to the PRE because it does not require the subject property to be the owner’s ...
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