Bill Text: MI SB1065 | 2011-2012 | 96th Legislature | Engrossed
Bill Title: Economic development; plant rehabilitation; eligible manufacturing personal property abatement; extend. Amends 1974 PA 198 (MCL 207.551 - 207.572) by adding sec. 11a & repeals (See bill for conditional repeal).
Spectrum: Partisan Bill (Republican 11-0)
Status: (Passed) 2012-12-27 - Assigned Pa 0397'12 [SB1065 Detail]
Download: Michigan-2011-SB1065-Engrossed.html
SB-1065, As Passed Senate, May 10, 2012
SENATE BILL No. 1065
(As amended May 10, 2012)
April 17, 2012, Introduced by Senators BRANDENBURG, RICHARDVILLE, JONES, HUNE, ROBERTSON, KOWALL, MARLEAU, HILDENBRAND, NOFS, CASWELL and JANSEN and referred to the Committee on Finance.
A bill to amend 1974 PA 198, entitled
"An act to provide for the establishment of plant rehabilitation
districts and industrial development districts in local
governmental units; to provide for the exemption from certain
taxes; to levy and collect a specific tax upon the owners of
certain facilities; to impose and provide for the disposition of an
administrative fee; to provide for the disposition of the tax; to
provide for the obtaining and transferring of an exemption
certificate and to prescribe the contents of those certificates; to
prescribe the powers and duties of the state tax commission and
certain officers of local governmental units; and to provide
penalties,"
(MCL 207.551 to 207.572) by adding section 11a.
THE PEOPLE OF THE STATE OF MICHIGAN ENACT:
Sec. 11a. (1) <<SUBJECT TO SUBSECTION (2), If>> a facility
was subject to an industrial
facilities exemption certificate on December 31, 2011,
notwithstanding any other provision of this act to the contrary,
that portion of the facility that is eligible manufacturing
personal property shall remain subject to the industrial facilities
Senate Bill No. 1065 as amended May 10, 2012
tax and shall remain exempt from ad valorem property taxes as
provided in section 8 until that eligible manufacturing personal
property would otherwise be exempt from the collection of taxes
under section 9m, 9n, or 9o of the general property tax act, 1893
PA 206, MCL 211.9m, 211.9n, and 211.9o.
<<(2) This section does not apply if the legislature fails to appropriate the amount of revenue lost to each local taxing unit as provided in the personal property tax exemption reimbursement act.
(3)>> As used in this subsection, "eligible manufacturing
personal property" means that term as defined in section 2 of the
personal property tax exemption reimbursement act.
