{"id":1364,"date":"2012-05-08T10:08:00","date_gmt":"2012-05-08T10:08:00","guid":{"rendered":"\/advocacy\/inside208\/post\/Treasury-Puts-Out-Info-Regarding-Changes-to-Principal-Residence-Exemption.aspx"},"modified":"2012-05-08T10:08:00","modified_gmt":"2012-05-08T10:08:00","slug":"treasury-puts-out-info-regarding-changes-to-principal-residence-exemption","status":"publish","type":"post","link":"https:\/\/mml.org\/inside208\/2012\/05\/08\/treasury-puts-out-info-regarding-changes-to-principal-residence-exemption\/","title":{"rendered":"Treasury Puts Out Info Regarding Changes to Principal Residence Exemption"},"content":{"rendered":"<p>Last&nbsp;week, the Department of Treasury put out information regarding the new law, PA 114 of 2012, which makes changes to the Principal Residence Exemption. The law was SB 349 and it creates an addition filing deadline and creates a conditional rescission for &#8220;foreclosure entities.&#8221; The League opposed the bill as it went through the legislative process, even though there were many changes that were put in place due to our concerns. The website link and PDF are attached below.<\/p>\n<p><em>Summer Minnick is the Director of State Affairs for the League. She can be reached at 517-908-0301 or <\/em><a href=\"mailto:sminnick@mml.org\"><em>sminnick@mml.org<\/em><\/a><\/p>\n<p><span><a href=\"http:\/\/www.michigan.gov\/pre\">www.michigan.gov\/pre<\/a><\/span><\/p>\n<p><a href=\"\/advocacy\/inside208\/file.axd?file=2012%2f5%2fPA+115+of+2012+Notice.pdf\"><\/a><\/p>\n<p><a href=\"\/advocacy\/inside208\/file.axd?file=2012%2f5%2fPA+114+of+2012+Notice.pdf\">PA 114 of 2012 Notice.pdf (79.42 kb)<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Last&nbsp;week, the Department of Treasury put out information regarding the new law, PA 114 of 2012, which makes changes to the Principal Residence Exemption. The law was SB 349 and it creates an addition filing deadline and creates a conditional rescission for &#8220;foreclosure entities.&#8221; The League opposed the bill as  [&#8230;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[22,26],"tags":[],"class_list":["post-1364","post","type-post","status-publish","format-standard","hentry","category-legislative-link-articles","category-municipal-finance","mml-onemagnify-plugin"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Treasury Puts Out Info Regarding Changes to Principal Residence Exemption - Inside 208<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/mml.org\/inside208\/2012\/05\/08\/treasury-puts-out-info-regarding-changes-to-principal-residence-exemption\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Treasury Puts Out Info Regarding Changes to Principal Residence Exemption - Inside 208\" \/>\n<meta property=\"og:description\" content=\"Last&nbsp;week, the Department of Treasury put out information regarding the new law, PA 114 of 2012, which makes changes to the Principal Residence Exemption. The law was SB 349 and it creates an addition filing deadline and creates a conditional rescission for &#8220;foreclosure entities.&#8221; The League opposed the bill as [...]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/mml.org\/inside208\/2012\/05\/08\/treasury-puts-out-info-regarding-changes-to-principal-residence-exemption\/\" \/>\n<meta property=\"og:site_name\" content=\"Inside 208\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/facebook.com\/MMLeague\" \/>\n<meta property=\"article:published_time\" content=\"2012-05-08T10:08:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/mml.org\/inside208\/wp-content\/uploads\/sites\/3\/2025\/10\/Inside-208-Site-Image.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"675\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Dene Westbrook\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@MMLeague\" \/>\n<meta name=\"twitter:site\" content=\"@MMLeague\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Dene Westbrook\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/mml.org\/inside208\/2012\/05\/08\/treasury-puts-out-info-regarding-changes-to-principal-residence-exemption\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/mml.org\/inside208\/2012\/05\/08\/treasury-puts-out-info-regarding-changes-to-principal-residence-exemption\/\"},\"author\":{\"name\":\"Dene Westbrook\",\"@id\":\"https:\/\/mml.org\/inside208\/#\/schema\/person\/15aed4510ea6fe39f324094edb06c88c\"},\"headline\":\"Treasury Puts Out Info Regarding Changes to Principal Residence Exemption\",\"datePublished\":\"2012-05-08T10:08:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/mml.org\/inside208\/2012\/05\/08\/treasury-puts-out-info-regarding-changes-to-principal-residence-exemption\/\"},\"wordCount\":119,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/mml.org\/inside208\/#organization\"},\"articleSection\":[\"Legislative Link Articles\",\"Municipal Finance\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/mml.org\/inside208\/2012\/05\/08\/treasury-puts-out-info-regarding-changes-to-principal-residence-exemption\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/mml.org\/inside208\/2012\/05\/08\/treasury-puts-out-info-regarding-changes-to-principal-residence-exemption\/\",\"url\":\"https:\/\/mml.org\/inside208\/2012\/05\/08\/treasury-puts-out-info-regarding-changes-to-principal-residence-exemption\/\",\"name\":\"Treasury Puts Out Info Regarding Changes to Principal Residence Exemption - Inside 208\",\"isPartOf\":{\"@id\":\"https:\/\/mml.org\/inside208\/#website\"},\"datePublished\":\"2012-05-08T10:08:00+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/mml.org\/inside208\/2012\/05\/08\/treasury-puts-out-info-regarding-changes-to-principal-residence-exemption\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/mml.org\/inside208\/2012\/05\/08\/treasury-puts-out-info-regarding-changes-to-principal-residence-exemption\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/mml.org\/inside208\/2012\/05\/08\/treasury-puts-out-info-regarding-changes-to-principal-residence-exemption\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/mml.org\/inside208\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Treasury Puts Out Info Regarding Changes to Principal Residence Exemption\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/mml.org\/inside208\/#website\",\"url\":\"https:\/\/mml.org\/inside208\/\",\"name\":\"Michigan Municipal League - Inside 208\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\/\/mml.org\/inside208\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/mml.org\/inside208\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/mml.org\/inside208\/#organization\",\"name\":\"Michigan Municipal League\",\"url\":\"https:\/\/mml.org\/inside208\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/mml.org\/inside208\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/mml.org\/inside208\/wp-content\/uploads\/sites\/3\/2023\/01\/mml-logo-square-e1673462978850.jpg\",\"contentUrl\":\"https:\/\/mml.org\/inside208\/wp-content\/uploads\/sites\/3\/2023\/01\/mml-logo-square-e1673462978850.jpg\",\"width\":600,\"height\":303,\"caption\":\"Michigan Municipal League\"},\"image\":{\"@id\":\"https:\/\/mml.org\/inside208\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/facebook.com\/MMLeague\",\"https:\/\/x.com\/MMLeague\",\"https:\/\/www.linkedin.com\/company\/mmleague\/\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/mml.org\/inside208\/#\/schema\/person\/15aed4510ea6fe39f324094edb06c88c\",\"name\":\"Dene Westbrook\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/mml.org\/inside208\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/d4721eb8effd8cf177fa62c157e667f61896ad872ae6a223a223ce1b260d8b8d?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/d4721eb8effd8cf177fa62c157e667f61896ad872ae6a223a223ce1b260d8b8d?s=96&d=mm&r=g\",\"caption\":\"Dene Westbrook\"},\"sameAs\":[\"https:\/\/mml.org\"],\"url\":\"https:\/\/mml.org\/inside208\/author\/mmldev1\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Treasury Puts Out Info Regarding Changes to Principal Residence Exemption - Inside 208","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/mml.org\/inside208\/2012\/05\/08\/treasury-puts-out-info-regarding-changes-to-principal-residence-exemption\/","og_locale":"en_US","og_type":"article","og_title":"Treasury Puts Out Info Regarding Changes to Principal Residence Exemption - Inside 208","og_description":"Last&nbsp;week, the Department of Treasury put out information regarding the new law, PA 114 of 2012, which makes changes to the Principal Residence Exemption. The law was SB 349 and it creates an addition filing deadline and creates a conditional rescission for &#8220;foreclosure entities.&#8221; The League opposed the bill as [...]","og_url":"https:\/\/mml.org\/inside208\/2012\/05\/08\/treasury-puts-out-info-regarding-changes-to-principal-residence-exemption\/","og_site_name":"Inside 208","article_publisher":"https:\/\/facebook.com\/MMLeague","article_published_time":"2012-05-08T10:08:00+00:00","og_image":[{"width":1200,"height":675,"url":"https:\/\/mml.org\/inside208\/wp-content\/uploads\/sites\/3\/2025\/10\/Inside-208-Site-Image.png","type":"image\/png"}],"author":"Dene Westbrook","twitter_card":"summary_large_image","twitter_creator":"@MMLeague","twitter_site":"@MMLeague","twitter_misc":{"Written by":"Dene Westbrook","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/mml.org\/inside208\/2012\/05\/08\/treasury-puts-out-info-regarding-changes-to-principal-residence-exemption\/#article","isPartOf":{"@id":"https:\/\/mml.org\/inside208\/2012\/05\/08\/treasury-puts-out-info-regarding-changes-to-principal-residence-exemption\/"},"author":{"name":"Dene Westbrook","@id":"https:\/\/mml.org\/inside208\/#\/schema\/person\/15aed4510ea6fe39f324094edb06c88c"},"headline":"Treasury Puts Out Info Regarding Changes to Principal Residence Exemption","datePublished":"2012-05-08T10:08:00+00:00","mainEntityOfPage":{"@id":"https:\/\/mml.org\/inside208\/2012\/05\/08\/treasury-puts-out-info-regarding-changes-to-principal-residence-exemption\/"},"wordCount":119,"commentCount":0,"publisher":{"@id":"https:\/\/mml.org\/inside208\/#organization"},"articleSection":["Legislative Link Articles","Municipal Finance"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/mml.org\/inside208\/2012\/05\/08\/treasury-puts-out-info-regarding-changes-to-principal-residence-exemption\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/mml.org\/inside208\/2012\/05\/08\/treasury-puts-out-info-regarding-changes-to-principal-residence-exemption\/","url":"https:\/\/mml.org\/inside208\/2012\/05\/08\/treasury-puts-out-info-regarding-changes-to-principal-residence-exemption\/","name":"Treasury Puts Out Info Regarding Changes to Principal Residence Exemption - Inside 208","isPartOf":{"@id":"https:\/\/mml.org\/inside208\/#website"},"datePublished":"2012-05-08T10:08:00+00:00","breadcrumb":{"@id":"https:\/\/mml.org\/inside208\/2012\/05\/08\/treasury-puts-out-info-regarding-changes-to-principal-residence-exemption\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/mml.org\/inside208\/2012\/05\/08\/treasury-puts-out-info-regarding-changes-to-principal-residence-exemption\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/mml.org\/inside208\/2012\/05\/08\/treasury-puts-out-info-regarding-changes-to-principal-residence-exemption\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/mml.org\/inside208\/"},{"@type":"ListItem","position":2,"name":"Treasury Puts Out Info Regarding Changes to Principal Residence Exemption"}]},{"@type":"WebSite","@id":"https:\/\/mml.org\/inside208\/#website","url":"https:\/\/mml.org\/inside208\/","name":"Michigan Municipal League - Inside 208","description":"","publisher":{"@id":"https:\/\/mml.org\/inside208\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/mml.org\/inside208\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/mml.org\/inside208\/#organization","name":"Michigan Municipal League","url":"https:\/\/mml.org\/inside208\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/mml.org\/inside208\/#\/schema\/logo\/image\/","url":"https:\/\/mml.org\/inside208\/wp-content\/uploads\/sites\/3\/2023\/01\/mml-logo-square-e1673462978850.jpg","contentUrl":"https:\/\/mml.org\/inside208\/wp-content\/uploads\/sites\/3\/2023\/01\/mml-logo-square-e1673462978850.jpg","width":600,"height":303,"caption":"Michigan Municipal League"},"image":{"@id":"https:\/\/mml.org\/inside208\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/facebook.com\/MMLeague","https:\/\/x.com\/MMLeague","https:\/\/www.linkedin.com\/company\/mmleague\/"]},{"@type":"Person","@id":"https:\/\/mml.org\/inside208\/#\/schema\/person\/15aed4510ea6fe39f324094edb06c88c","name":"Dene Westbrook","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/mml.org\/inside208\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/d4721eb8effd8cf177fa62c157e667f61896ad872ae6a223a223ce1b260d8b8d?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/d4721eb8effd8cf177fa62c157e667f61896ad872ae6a223a223ce1b260d8b8d?s=96&d=mm&r=g","caption":"Dene Westbrook"},"sameAs":["https:\/\/mml.org"],"url":"https:\/\/mml.org\/inside208\/author\/mmldev1\/"}]}},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/mml.org\/inside208\/wp-json\/wp\/v2\/posts\/1364","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mml.org\/inside208\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mml.org\/inside208\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mml.org\/inside208\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mml.org\/inside208\/wp-json\/wp\/v2\/comments?post=1364"}],"version-history":[{"count":0,"href":"https:\/\/mml.org\/inside208\/wp-json\/wp\/v2\/posts\/1364\/revisions"}],"wp:attachment":[{"href":"https:\/\/mml.org\/inside208\/wp-json\/wp\/v2\/media?parent=1364"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mml.org\/inside208\/wp-json\/wp\/v2\/categories?post=1364"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mml.org\/inside208\/wp-json\/wp\/v2\/tags?post=1364"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}