Bill Text: MI SB0599 | 2009-2010 | 95th Legislature | Introduced

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Bill Title: Natural resources; forests; change in qualified forest property; provide for recommendation by the department of agriculture. Amends sec. 2 of 2006 PA 379 (MCL 211.1032). TIE BAR WITH: SB 0603'09

Spectrum: Partisan Bill (Republican 8-0)

Status: (Introduced - Dead) 2009-05-21 - Referred To Committee On Agriculture And Bioeconomy [SB0599 Detail]

Download: Michigan-2009-SB0599-Introduced.html

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SENATE BILL No. 599

 

 

May 21, 2009, Introduced by Senators STAMAS, CROPSEY, KUIPERS, JELINEK, GILBERT, VAN WOERKOM, JANSEN and PAPPAGEORGE and referred to the Committee on Agriculture and Bioeconomy.

 

 

 

     A bill to amend 2006 PA 379, entitled

 

"Qualified forest property recapture tax act,"

 

by amending section 2 (MCL 211.1032).

 

THE PEOPLE OF THE STATE OF MICHIGAN ENACT:

 

     Sec. 2. As used in this act:

 

     (a) "Benefit period" means the period in years between the

 

date of the first exempt transfer and the conversion by a change in

 

use, not to exceed the 10 years immediately preceding the year in

 

which the qualified forest property is converted by a change in

 

use.

 

     (b) "Benefit received on that property" means the sum of the

 

number of mills levied in the local tax collecting unit on the

 

qualified forest property in each year of the benefit period,

 

multiplied by the difference in each year of the benefit period

 

between the true cash taxable value of the property and the

 

property's taxable value as determined under section 27a of the

 

general property tax act, 1893 PA 206, MCL 211.27a.

 

     (c) "Converted by a change in use" means that due to a change

 

in use the property is no longer qualified forest property as

 

determined by the assessor of the local tax collecting unit based

 

on a recommendation from the department of natural resources

 

agriculture.

 

     (d) "Exempt transfer" means a conveyance of property that is

 

not a transfer of ownership pursuant to section 27a(7)(o) of the

 

general property tax act, 1893 PA 206, MCL 211.27a.

 

     (e) "Forest products" means that term as defined in section

 

7jj of the general property tax act, 1893 PA 206, MCL 211.7jj.

 

     (f) "Person" means an individual, partnership, corporation,

 

limited liability company, association, governmental entity, or

 

other legal entity.

 

     (g) "Qualified forest property" means that term as defined in

 

section 7jj of the general property tax act, 1893 PA 206, MCL

 

211.7jj.

 

     (h) "Recapture tax" means the qualified forest property

 

recapture tax imposed under this act.

 

     (i) "Treasurer" means the state treasurer.

 

     (j) "True cash taxable value" means the taxable value the

 

property would have had if section 27a(7)(o) of the general

 

property tax act, 1893 PA 206, MCL 211.27a, were not in effect.

 

     Enacting section 1. This amendatory act does not take effect

 

unless Senate Bill No. 603                                    

 

          of the 95th Legislature is enacted into law.