Bill Text: MI SB0114 | 2017-2018 | 99th Legislature | Engrossed
Bill Title: Use tax; collections; certain revenue attributable to transformational brownfield plans; capture and earmark. Amends 1937 PA 94 (MCL 205.91 - 205.111) by adding sec. 4dd.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Passed) 2017-06-13 - Assigned Pa 0049'17 With Immediate Effect [SB0114 Detail]
Download: Michigan-2017-SB0114-Engrossed.html
SB-0114, As Passed Senate, February 22, 2017
SENATE BILL No. 114
February 7, 2017, Introduced by Senators MACGREGOR, HORN, CASPERSON, ZORN, HANSEN, STAMAS, SCHMIDT, GREEN, JONES, KOWALL, HERTEL, WARREN, YOUNG, KNEZEK and BRANDENBURG and referred to the Committee on Economic Development and International Investment.
A bill to amend 1937 PA 94, entitled
"Use tax act,"
(MCL 205.91 to 205.111) by adding section 4dd.
THE PEOPLE OF THE STATE OF MICHIGAN ENACT:
Sec. 4dd. The tax levied under this act does not apply to
tangible personal property acquired by a person engaged in the
business of altering, repairing, or improving real estate for
others, or to the manufacture of a product as described under
section 3a(1)(f) or (g), if the property or product is to be
affixed to or made a structural part of improvements to real
property included within a transformational brownfield plan, to the
extent that those improvements are included as eligible activities
described in section 2(o)(iv) of the brownfield redevelopment
financing act, 1996 PA 381, MCL 125.2652, on eligible property that
is included in a transformational brownfield plan. As used in this
section, "eligible property" and "transformational brownfield plan"
mean those terms as defined in section 2 of the brownfield
redevelopment financing act, 1996 PA 381, MCL 125.2652.
