Bill Text: MI HB4211 | 2015-2016 | 98th Legislature | Introduced

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Bill Title: Property tax; state education tax; property subject to state education tax; exempt real property. Amends sec. 3 of 1993 PA 331 (MCL 211.903).

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced - Dead) 2015-02-18 - Printed Bill Filed 02/18/2015 [HB4211 Detail]

Download: Michigan-2015-HB4211-Introduced.html

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HOUSE BILL No. 4211

 

February 17, 2015, Introduced by Rep. Lyons and referred to the Committee on Tax Policy.

 

     A bill to amend 1993 PA 331, entitled

 

"State education tax act,"

 

by amending section 3 (MCL 211.903), as amended by 2011 PA 318.

 

THE PEOPLE OF THE STATE OF MICHIGAN ENACT:

 

     Sec. 3. (1) Beginning in 1994, except as otherwise provided in

 

subsections (2), and (3), and (4), there is levied a state

 

education tax on all property not exempt by law from ad valorem

 

property taxes or not subject to a tax under 1905 PA 282, MCL 207.1

 

to 207.21, at a rate of 6 mills.

 

     (2) In 2003 only, there is levied a state education tax on all

 

property not exempt by law from ad valorem property taxes or not

 

subject to a tax under 1905 PA 282, MCL 207.1 to 207.21, at the

 

rate of 5 mills.

 

     (3) For taxes levied after December 31, 2007, the following

 

property is exempt from the tax levied under this act:

 

     (a) Except as otherwise provided in subdivision (b), personal

 

property classified under section 34c of the general property tax

 

act, 1893 PA 206, MCL 211.34c, as industrial personal property.

 

     (b) Beginning December 31, 2011, a turbine powered by gas,

 

steam, nuclear energy, coal, or oil the primary purpose of which is

 

the generation of electricity for sale is not eligible for the

 

exemption under this subsection.

 

     (4) For taxes levied after December 31, 2014, real property is

 

exempt from the tax levied under this act.