Bill Text: MI HB6076 | 2013-2014 | 97th Legislature | Introduced
Bill Title: Transportation; authorities; levy of taxes by certain mass transportation system authorities; extend allowable period of tax from 5 years to 10 years. Amends sec. 7 of 1963 PA 55 (MCL 124.357).
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced - Dead) 2014-12-04 - Printed Bill Filed 12/04/2014 [HB6076 Detail]
Download: Michigan-2013-HB6076-Introduced.html
HOUSE BILL No. 6076
December 3, 2014, Introduced by Rep. Irwin and referred to the Committee on Tax Policy.
A bill to amend 1963 PA 55, entitled
"An act to provide for the incorporation of public authorities to
acquire, own, and operate or cause to be operated mass
transportation systems; to require the state to guarantee payment
of certain claims against certain transportation authorities and to
give the state a lien in satisfaction of payment; to prescribe the
rights, powers, and duties of those public authorities; to provide
for the issuance of bonds; to provide for the levy and collection
of certain taxes; and to authorize contracts between those
authorities and either public or private corporations to carry out
the operation of those mass transportation systems,"
by amending section 7 (MCL 124.357), as amended by 2002 PA 337.
THE PEOPLE OF THE STATE OF MICHIGAN ENACT:
Sec. 7. (1) For the purpose of acquiring, improving,
enlarging, or extending a mass transportation system, the authority
may issue self-liquidating revenue bonds under the revenue bond act
of 1933, 1933 PA 94, MCL 141.101 to 141.140, or any other act
providing for the issuance of self-liquidating revenue bonds. The
bonds shall not be a general obligation of the authority, but shall
be payable solely from the revenue of the mass transportation
system. However, if the authority issues self-liquidating revenue
bonds with a pledge of the full faith and credit of the
municipality, those revenue bonds are subject to the revised
municipal finance act, 2001 PA 34, MCL 141.2101 to 141.2821.
(2) An authority formed under this act may levy a tax on all
of the taxable property within the political subdivisions that
comprise the authority for public transportation purposes as
authorized by this act.
(3) The tax authorized in subsection (2) shall not exceed 5
mills of the state equalized valuation on each dollar of assessed
valuation in the political subdivisions that comprise the
applicable authority.
(4)
The authority shall not levy the tax authorized under in
subsection
(2) shall not be levied except upon the approval of a
majority of the registered electors residing in the political
subdivisions that comprise the authority affected and qualified to
vote and voting on the tax at a general or special election. The
election may be called by resolution of the board of the authority.
The recording officer of the authority shall file a copy of the
resolution of the board calling the election with the clerk of each
affected county, city, or township not less than 60 days before the
date of the election. The resolution calling the election shall
contain a statement of the proposition to be submitted to the
electors. Each county, city, and township clerk and all other
county, city, and township officials shall undertake those steps to
properly submit the proposition to the electors of the county,
city, and township at the election specified in the resolutions of
the authority. The election shall be conducted and canvassed in
accordance with the Michigan election law, 1954 PA 116, MCL 168.1
to 168.992, except that if the authority is located in more than 1
county, the election shall be canvassed by the state board of
canvassers. The results of the election shall be certified to the
board of the authority promptly after the date of the election. The
authority shall not call more than 1 election within a calendar
year under this section for the approval of the tax authorized by
subsection (2) without the approval of the legislative bodies of a
majority of the member political subdivisions of the authority. If
the election is a special election, the authority in which the
election is held shall pay the costs of the election. If the
election is a general election, the authority in which the election
is held shall pay the increased costs of the election due to the
placement of the proposition on the ballot by the authority or an
amount negotiated between the authority and the appropriate
political subdivisions.
(5) The taxes authorized by this section may be levied at a
rate
and for a period of not more than 5 10 years as determined by
the
authority in the resolution calling the election and as shall
be
set forth in the proposition
submitted to the electors.
(6) The tax rate authorized by this section shall be levied
and collected as are all ad valorem property taxes in this state
and the recording officer of the authority shall at the appropriate
times certify to the proper tax assessing or collecting officers of
each tax collecting county, city, and township the amount of taxes
to be levied and collected each year by each county, city, and
township. The board of the authority shall determine on which tax
roll, if there is more than 1, of the county, city, or township
that the taxes authorized by this section shall be collected. Each
tax assessing and collecting officer and each county treasurer
shall levy and collect the taxes certified by the authority and pay
the taxes to the authority by the time provided in section 43 of
the general property tax act, 1893 PA 206, MCL 211.43. The tax rate
authorized by this section may be first levied by the authority as
a part of the first tax roll of the appropriate counties, cities,
and townships occurring after the election described in subsection
(4). The tax may be levied and collected on the June or December
tax roll immediately following the date of election, if the tax is
certified to the proper tax assessing officials not later than May
15 or November 15, respectively, of the year in which the election
is held.
