Bill Text: MI SB1068 | 2011-2012 | 96th Legislature | Introduced

NOTE: There are more recent revisions of this legislation. Read Latest Draft

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Bill Title: Economic development; enterprise zones; eligible manufacturing personal property abatement; extend. Amends 1985 PA 224 (MCL 125.2101 - 125.2123) by adding sec. 21d & repeals (See bill for conditional repeal).

Spectrum: Partisan Bill (Republican 10-0)

Status: (Passed) 2012-12-27 - Assigned Pa 0400'12 [SB1068 Detail]

Download: Michigan-2011-SB1068-Introduced.html

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SENATE BILL No. 1068

 

 

April 17, 2012, Introduced by Senators ROBERTSON, HUNE, KOWALL, MARLEAU, RICHARDVILLE, JONES, HILDENBRAND, NOFS, CASWELL and JANSEN and referred to the Committee on Finance.

 

 

 

     A bill to amend 1985 PA 224, entitled

 

"Enterprise zone act,"

 

(MCL 125.2101 to 125.2123) by adding section 21d.

 

THE PEOPLE OF THE STATE OF MICHIGAN ENACT:

 

     Sec. 21d. (1) If a facility was certified as a qualified

 

business 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 specific tax levied under this act and shall remain exempt from

 

ad valorem property taxes as provided in this act 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) 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.