Bill Text: MI HB4357 | 2013-2014 | 97th Legislature | Introduced

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Bill Title: Property tax; exemptions; exemption of eligible personal property; increase threshold amount for certain veterans organizations. Amends sec. 9o of 1893 PA 206 (MCL 211.9o).

Spectrum: Bipartisan Bill

Status: (Introduced - Dead) 2013-03-05 - Printed Bill Filed 03/01/2013 [HB4357 Detail]

Download: Michigan-2013-HB4357-Introduced.html

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HOUSE BILL No. 4357

 

February 28, 2013, Introduced by Reps. Heise, Graves, Slavens and Knezek and referred to the Committee on Tax Policy.

 

     A bill to amend 1893 PA 206, entitled

 

"The general property tax act,"

 

by amending section 9o (MCL 211.9o), as added by 2012 PA 402.

 

THE PEOPLE OF THE STATE OF MICHIGAN ENACT:

 

     Sec. 9o. (1) Beginning December 31, 2013, eligible personal

 

property is exempt from the collection of taxes under this act.

 

     (2) An owner of eligible personal property shall claim the

 

exemption under this section by annually filing an affidavit with

 

the local tax collecting unit in which the eligible personal

 

property is located and with the department of treasury not later

 

than February 20 in each tax year. The affidavit shall be in a form

 

prescribed by the department of treasury. The affidavit shall

 

require the owner to attest that the combined taxable value of all

 

industrial personal property and commercial personal property owned

 

by or under the control of that owner is less than $40,000.00 in

 

that local tax collecting unit or, in the case of personal property

 

owned by or under the control of a veterans association,

 

organization, or institution, that the combined taxable value of

 

all industrial personal property and commercial personal property

 

owned by or under the control of that veterans association,

 

organization, or institution is less than $100,000.00 in that local

 

tax collecting unit.

 

     (3) If an affidavit claiming the exemption under this section

 

is filed as provided in subsection (2), the owner of that eligible

 

personal property is not required to also file a statement under

 

section 19 in that tax year.

 

     (4) As used in this section:

 

     (a) "Commercial personal property" means personal property

 

classified as commercial personal property under section 34c.

 

     (b) "Eligible personal property" means property that meets all

 

of the following conditions:

 

     (i) Is industrial personal property or commercial personal

 

property.

 

     (ii) The combined taxable value of all industrial personal

 

property and commercial personal property owned by or under the

 

control of the owner claiming an exemption under this section is

 

less than $40,000.00 in that local tax collecting unit or, in the

 

case of personal property owned by or under the control of a

 

veterans association, organization, or institution, the combined

 

taxable value of all industrial personal property and commercial

 

personal property owned by or under the control of that veterans

 

association, organization, or institution is less than $100,000.00

 

in that local tax collecting unit.

 

     (c) "Industrial personal property" means personal property

 

classified as industrial personal property under section 34c.