Bill Text: MI SB0142 | 2011-2012 | 96th Legislature | Introduced

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Bill Title: Property tax; personal property; personal property of certain businesses; exempt. Amends 1893 PA 206 (MCL 211.1 - 211.155) by adding sec. 9n.

Spectrum: Partisan Bill (Republican 6-0)

Status: (Introduced - Dead) 2011-02-15 - Referred To Committee On Finance [SB0142 Detail]

Download: Michigan-2011-SB0142-Introduced.html

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SENATE BILL No. 142

 

 

February 15, 2011, Introduced by Senators CASWELL, NOFS, GREEN, BRANDENBURG, PROOS and MARLEAU and referred to the Committee on Finance.

 

 

 

     A bill to amend 1893 PA 206, entitled

 

"The general property tax act,"

 

(MCL 211.1 to 211.155) by adding section 9n.

 

THE PEOPLE OF THE STATE OF MICHIGAN ENACT:

 

     Sec. 9n. (1) For taxes levied after December 31, 2011, the

 

personal property of a taxpayer that is a business with fewer than

 

26 employees is exempt from the collection of taxes under this act.

 

     (2) A taxpayer may claim an exemption under this section by

 

submitting an application for exemption to the local tax collecting

 

unit. The application shall be in a form prescribed by the

 

department of treasury.

 

     (3) As used in this section, "employee" means that term as

 

defined in section 3401(c) of the internal revenue code, 26 USC

 

3401(c). A person from whom an employer is required to withhold for

 

federal income tax purposes is prima facie considered an employee.