Bill Text: MI SB1286 | 2011-2012 | 96th Legislature | Introduced

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Bill Title: Property tax; exemptions; real property leased to a charitable nonprofit organization and used as a retail store; exempt. Amends 1893 PA 206 (MCL 211.1 - 211.155) by adding sec. 7oo.

Spectrum: Partisan Bill (Republican 6-0)

Status: (Introduced - Dead) 2012-09-19 - Referred To Committee On Finance [SB1286 Detail]

Download: Michigan-2011-SB1286-Introduced.html

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SENATE BILL No. 1286

 

 

September 19, 2012, Introduced by Senators JANSEN, COLBECK, HANSEN, NOFS, HILDENBRAND and GREEN 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 7oo.

 

THE PEOPLE OF THE STATE OF MICHIGAN ENACT:

 

     Sec. 7oo. Beginning December 31, 2012, real property leased to

 

and occupied by a nonprofit charitable institution that is used

 

solely as a retail store operated by that nonprofit charitable

 

institution, which retail store is engaged exclusively in the

 

collection and sale of donated items the proceeds of which are used

 

solely for the purposes of the nonprofit charitable institution, is

 

exempt from the collection of taxes under this act.