$10,000 Michigan State Tax Credit for Homebuyers - NOT YET!

You may have heard on WJR or on the Today show about a new $10,000 tax credit for Michigan homebuyers. I just got off the phone with the MAHB lobbyist regarding the proposed $10,000 refundable Michigan Income tax credit for Homebuyers.  Contrary to rumors, THIS IS NOT LAW yet.  While it passed the Republican dominated State Senate 36-0, there is no deal with either the Governor or the Speaker of the House, so it is a long way from becoming law (remember what happened to the $15,000 credit approve by the Senate at the Federal level when it got to the House?).