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.