Bill Text: MI SB1068 | 2011-2012 | 96th Legislature | Engrossed
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-Engrossed.html
SB-1068, As Passed House, December 13, 2012
HOUSE SUBSTITUTE FOR
SENATE BILL NO. 1068
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, 2012, 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.
Senate Bill No. 1068 (H-1) as amended December 13, 2012
(2) As used in this subsection, "eligible manufacturing
personal property" means that term as defined in section 9m of the
general property tax act, 1893 PA 206, MCL 211.9m.
[Enacting section 1. Section 21d of the enterprise zone act, 1985 PA 224, MCL 125.2121d, as added by this amendatory act, is repealed if House Bill No. 6026 of the 96th Legislature is not approved by a majority of the qualified electors of this state voting on the question at an election to be held on the August regular election date in 2014.]
