MI HB4669

Amends Michigan's property tax assessment law (1893 PA 206, MCL 211.27a) to revise the definition of "transfer of ownership" for tax purposes, effective March 13, 2012.

Excludes transfers of land (but not buildings or structures) subject to conservation easements under the Natural Resources and Environmental Protection Act or qualifying as deductible conservation contributions under federal tax law from triggering taxable value reassessment.

Excludes transfers resulting from consolidation or merger of domestic nonprofit youth and community organizations (boy/girl scouts, 4-H clubs, YMCAs, YWCAs) where at least 50% of members are Michigan residents from triggering reassessment.

Clarifies that changes to assessment rolls resulting from application of 1897 PA 230 (summer park and resort association provisions) do not constitute transfers of ownership.

Takes effect only if House Bill 4668 is also enacted into law (tie-bar provision).