MI HB6212

Prohibits school districts with foundation allowances greater than $6,500 in 1994-95 from reducing property tax exemptions on principal residences, qualified agricultural property, qualified forest property, supportive housing property, and industrial personal property beginning with taxes levied for 2011.

Applies the restriction only to school districts whose 2009-2010 foundation allowance fell below the basic foundation allowance prescribed for that fiscal year under the state school aid act.

Prevents affected school districts from levying additional millage on the exempted property classes that would otherwise be permitted under existing law.

Effective 91 days after the 2010 regular legislative session concludes.

Approved by the Governor on November 23, 2010.