Bill would end tax spike when cottages are handed down

LANSING – A widely-supported bill that would prevent property tax increases for owners who transfer family-owned land has a high chance of becoming law before the end of the year, according to the sponsor, Rep. Peter Pettalia, R-Presque Isle.

Current law decrees that the taxable value of a home cannot increase from one year to the next by more than 5 percent or the increase in the consumer price index.

Drought hurts Michigan soybeans; southern counties hit hardest

Like corn and apples, Michigan’s soybeans have been hit hard by the drought and extreme hot weather.

“We are facing a 60 to 70 percent reduction of soybeans altogether compared to normal years,” said Tim Boring, research director of the Michigan Soybean Promotion Committee in Frankenmuth.

According to figures from the committee, Michigan ranks 12th among nation’s 31 soybean-producing states. Nearly 2 million acres are planted annually in Michigan.

Michigan cuts heating fuel assistance

LANSING — A new Vulnerable Household Warmth Fund in the Department of Human Services is temporarily replacing a decade-old state program to help low-income residents heat their homes this winter. The fund will provide $58 million to help consumers pay their gas and electric bills. That’s less than $87 million available last year and $89 million in 2010 when the program was under the public service commission, according to its reports.