Bill Text: MI HB4668 | 2011-2012 | 96th Legislature | Introduced
Bill Title: Property tax; assessments; assessment of real property; revise for certain summer resort and assembly corporations. Amends 1897 PA 230 (MCL 455.1 - 455.24) & adds sec. 16a. TIE BAR WITH: HB 4669'11
Spectrum: Partisan Bill (Republican 1-0)
Status: (Passed) 2012-03-15 - Assigned Pa 46'12 With Immediate Effect [HB4668 Detail]
Download: Michigan-2011-HB4668-Introduced.html
HOUSE BILL No. 4668
May 24, 2011, Introduced by Rep. Foster and referred to the Committee on Tax Policy.
A bill to amend 1897 PA 230, entitled
"An act to provide for the formation of corporations for the
purpose of owning, maintaining and improving lands and other
property kept for the purposes of summer resorts or for ornament,
recreation or amusement, and to repeal all laws or parts of laws in
conflict herewith; and to impose certain duties on the department
of commerce,"
(MCL 455.1 to 455.24) by adding section 16a.
THE PEOPLE OF THE STATE OF MICHIGAN ENACT:
Sec. 16a. (1) If the real property of a corporation subject to
this act has been platted under section 20 and lots have been
leased to stockholders under section 21, the directors may submit
to the assessor of the local tax collecting unit in which the
corporation's real property is located a written notice, signed by
the secretary, requesting that all of the corporation's real
property be assessed ratably to the stockholder lessees of those
lots. The notice may include the percentages the assessor shall use
to allocate the corporation's real property among the stockholder
lessees and the corporation. Percentages included with the notice
shall total 100%.
(2) If a notice is submitted under subsection (1), the
assessor shall assess all property taxes collected under the
general property tax act, 1893 PA 206, MCL 211.1 to 211.155,
ratably to each lot leased to a stockholder lessee. The assessment
shall include any improvements to the lot. Except as otherwise
required by law, the assessment shall not include improvements
commonly used by the corporation's stockholders.
(3) As provided under section 27a of the general property tax
act, 1893 PA 206, MCL 211.27a, an assessment roll change or tax
roll change resulting from the application of this section is not a
transfer of ownership.
Enacting section 1. This amendatory act does not take effect
unless Senate Bill No.____ or House Bill No. 4669(request no.
01068'11 a) of the 96th Legislature is enacted into law.
