Bill Text: MI SB0978 | 2009-2010 | 95th Legislature | Engrossed
Bill Title: Property tax; other; specific tax levied under the tax reverted property clean title act; revise. Amends secs. 2 & 3 of 2003 PA 260 (MCL 211.1022 & 211.1023).
Spectrum: Partisan Bill (Republican 5-0)
Status: (Engrossed - Dead) 2010-06-08 - Referred To Committee On Commerce [SB0978 Detail]
Download: Michigan-2009-SB0978-Engrossed.html
SB-0978, As Passed Senate, June 8, 2010
SENATE BILL No. 978
November 5, 2009, Introduced by Senators ALLEN, GEORGE, BIRKHOLZ, VAN WOERKOM and JANSEN and referred to the Committee on Commerce and Tourism.
A bill to amend 2003 PA 260, entitled
"Tax reverted clean title act,"
by amending sections 2 and 3 (MCL 211.1022 and 211.1023).
THE PEOPLE OF THE STATE OF MICHIGAN ENACT:
Sec. 2. As used in this act:
(a) "Authority" means a land bank fast track authority or a
redevelopment authority created under the land bank fast track act,
2003 PA 258, MCL 124.751 to 124.774.
(b) "Commission" means the state tax commission created by
1927 PA 360, MCL 209.101 to 209.107.
(c) "Eligible tax reverted property" means property that is
exempt under section 7gg or 7ll of the general property tax act,
1893 PA 206, MCL 211.7gg and 211.7ll.
(d) "Eligible tax reverted property specific tax" means the
specific tax levied under this act.
(e) "Principal residence" means that term as defined in
section 7dd of the general property tax act, 1893 PA 206, MCL
211.7dd.
(f) "Taxable value" means the taxable value determined under
section 27a of the general property tax act, 1893 PA 206, MCL
211.27a.
Sec. 3. Eligible tax reverted property is exempt from ad
valorem property taxes collected under the general property tax
act,
1893 PA 206, MCL 211.1 to 211.157 211.155, as provided under
section
sections 7gg and
7ll of the general property tax act, 1893
PA 206, MCL 211.7gg and 211.7ll.
