Bill Text: MI HB4357 | 2013-2014 | 97th Legislature | Introduced
Bill Title: Property tax; exemptions; exemption of eligible personal property; increase threshold amount for certain veterans organizations. Amends sec. 9o of 1893 PA 206 (MCL 211.9o).
Spectrum: Bipartisan Bill
Status: (Introduced - Dead) 2013-03-05 - Printed Bill Filed 03/01/2013 [HB4357 Detail]
Download: Michigan-2013-HB4357-Introduced.html
HOUSE BILL No. 4357
February 28, 2013, Introduced by Reps. Heise, Graves, Slavens and Knezek and referred to the Committee on Tax Policy.
A bill to amend 1893 PA 206, entitled
"The general property tax act,"
by amending section 9o (MCL 211.9o), as added by 2012 PA 402.
THE PEOPLE OF THE STATE OF MICHIGAN ENACT:
Sec. 9o. (1) Beginning December 31, 2013, eligible personal
property is exempt from the collection of taxes under this act.
(2) An owner of eligible personal property shall claim the
exemption under this section by annually filing an affidavit with
the local tax collecting unit in which the eligible personal
property is located and with the department of treasury not later
than February 20 in each tax year. The affidavit shall be in a form
prescribed by the department of treasury. The affidavit shall
require the owner to attest that the combined taxable value of all
industrial personal property and commercial personal property owned
by or under the control of that owner is less than $40,000.00 in
that local tax collecting unit or, in the case of personal property
owned by or under the control of a veterans association,
organization, or institution, that the combined taxable value of
all industrial personal property and commercial personal property
owned by or under the control of that veterans association,
organization, or institution is less than $100,000.00 in that local
tax collecting unit.
(3) If an affidavit claiming the exemption under this section
is filed as provided in subsection (2), the owner of that eligible
personal property is not required to also file a statement under
section 19 in that tax year.
(4) As used in this section:
(a) "Commercial personal property" means personal property
classified as commercial personal property under section 34c.
(b) "Eligible personal property" means property that meets all
of the following conditions:
(i) Is industrial personal property or commercial personal
property.
(ii) The combined taxable value of all industrial personal
property and commercial personal property owned by or under the
control of the owner claiming an exemption under this section is
less than $40,000.00 in that local tax collecting unit or, in the
case of personal property owned by or under the control of a
veterans association, organization, or institution, the combined
taxable value of all industrial personal property and commercial
personal property owned by or under the control of that veterans
association, organization, or institution is less than $100,000.00
in that local tax collecting unit.
(c) "Industrial personal property" means personal property
classified as industrial personal property under section 34c.
