Bill Text: MI HB4058 | 2017-2018 | 99th Legislature | Introduced
Bill Title: Economic development; neighborhood enterprise zones; requirement to send report of assessed values and ad valorem taxes to the Michigan enterprise zone authority; eliminate. Amends sec. 13 of 1992 PA 147 (MCL 207.783) & repeals sec. 14 of 1992 PA 147 (MCL 207.784).
Spectrum: Partisan Bill (Republican 1-0)
Status: (Passed) 2017-06-07 - Assigned Pa 44'17 With Immediate Effect [HB4058 Detail]
Download: Michigan-2017-HB4058-Introduced.html
HOUSE BILL No. 4058
January 18, 2017, Introduced by Rep. Leutheuser and referred to the Committee on Local Government.
A bill to amend 1992 PA 147, entitled
"Neighborhood enterprise zone act,"
by amending section 13 (MCL 207.783), as amended by 2005 PA 339;
and to repeal acts and parts of acts.
THE PEOPLE OF THE STATE OF MICHIGAN ENACT:
Sec. 13. (1) The assessor of each local governmental unit in
which is located a homestead facility, a new facility, or a
rehabilitated facility for which a neighborhood enterprise zone
certificate is in effect shall determine annually, with respect to
each homestead facility, new facility, or rehabilitated facility,
the assessed valuation of the property comprising the facility
having the benefit of a neighborhood enterprise zone certificate
and the amount of ad valorem property tax that would have been paid
with respect to each homestead facility, new facility, and
rehabilitated facility under the general property tax act, 1893 PA
206,
MCL 211.1 to 211.157, 211.155,
if the certificate had not been
in force, and the assessed valuation on which the neighborhood
enterprise zone tax is based for a homestead facility or a
rehabilitated facility. A holder of a certificate shall furnish to
the assessor the information necessary for the determination.
(2) After making the determinations under subsection (1), the
assessor shall send annually notification of those determinations
to
the Michigan enterprise zone authority and the governing body of
each taxing unit that levies taxes upon property in the local
governmental unit in which the new facility or rehabilitated
facility is located and the holder of the certificate for which the
determination
is made. The notice shall must
be sent by certified
mail
not later than October 15 and shall must be based upon the
valuation as of the immediately preceding December 31.
Enacting section 1. Section 14 of the neighborhood enterprise
zone act, 1992 PA 147, MCL 207.784, is repealed.
