MI HB5567

School districts may levy not more than 18 mills for operating purposes or the number of mills levied in 1993, whichever is less, with exemptions for principal residences, agricultural property, forest property, supportive housing, public school academies, and industrial personal property.

Beginning December 31, 2011, turbines powered by gas, steam, nuclear energy, coal, or oil primarily used to generate electricity for sale are excluded from the definition of industrial personal property subject to school millage.

School districts with foundation allowances greater than $6,500 in 1994-95 that fell below the basic foundation allowance in 2009-2010 are prohibited from reducing millage exemptions or levying additional mills on residential and certain other property classes beginning with taxes levied for 2011.

Money raised by school district taxes cannot be used for purposes other than those for which they were raised without majority voter approval at a school election, except as provided in specified state acts and for purposes authorized under millage pledge provisions.

Act takes effect only if House Bills 5566, 5568, 5569, and 5570 of the 96th Legislature are also enacted into law.