MI HB6057

Adds Section 21d to the Enterprise Zone Act (1985 PA 224) to provide tax relief for qualified manufacturing facilities.

Facilities certified as qualified businesses on December 31, 2011 retain eligibility for specific tax levies under the Enterprise Zone Act.

Eligible manufacturing personal property at qualifying facilities remains exempt from ad valorem property taxes under the Enterprise Zone Act.

Exemption continues until the property would otherwise be exempt under sections 9m, 9n, or 9o of the General Property Tax Act (1893 PA 206).

Defines "eligible manufacturing personal property" by reference to the Personal Property Tax Exemption Reimbursement Act.