Bill Text: MI SB0114 | 2017-2018 | 99th Legislature | Chaptered

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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-Chaptered.html

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Act No. 49

Public Acts of 2017

Approved by the Governor

June 8, 2017

Filed with the Secretary of State

June 9, 2017

EFFECTIVE DATE: July 24, 2017

STATE OF MICHIGAN

99TH LEGISLATURE

REGULAR SESSION OF 2017

Introduced by Senators MacGregor, Horn, Casperson, Zorn, Hansen, Stamas, Schmidt, Green, Jones, Kowall, Hertel, Warren, Young, Knezek and Brandenburg

ENROLLED SENATE BILL No. 114

AN ACT to amend 1937 PA 94, entitled “An act to provide for the levy, assessment, and collection of a specific excise tax on the storage, use, or consumption in this state of tangible personal property and certain services; to appropriate the proceeds of that tax; to prescribe penalties; and to make appropriations,” (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.

Enacting section 1. This amendatory act takes effect 45 days after the date it is enacted into law.

This act is ordered to take immediate effect.

Secretary of the Senate

Clerk of the House of Representatives

Approved

Governor