MI SB1411

Amends the State Education Tax Act to change references in Section 3 from "subsections (2) and (3)" to "this section" regarding exceptions to the 6 mills state education tax rate.

Maintains the 6 mills state education tax rate on all non-exempt property beginning in 1994, except for a one-time reduction to 5 mills in 2003 only.

Exempts industrial personal property classified under Section 34c of the General Property Tax Act from state education tax for taxes levied after December 31, 2007.

Provides tax rate reductions for properties in intermediate school districts that reorganize after December 31, 2010 through combining, annexation, or disorganization, with reductions phasing out over four years at 100%, 75%, 50%, and 25% rates.

Defines "eligible intermediate school district" as a district containing no more than 4 local school districts, limiting the reorganization incentive to smaller districts.