MI SB1065

Extends industrial facilities exemption certificates for facilities that had certificates on December 31, 2012, allowing eligible manufacturing personal property to remain exempt from ad valorem property taxes under the industrial facilities tax.

Exemption continues until the eligible manufacturing personal property would otherwise be exempt under sections 9m, 9n, or 9o of the 1893 General Property Tax Act (MCL 211.9m, 211.9n, 211.9o).

Defines "eligible manufacturing personal property" by reference to section 9m of the 1893 General Property Tax Act.

Automatically repeals the new section 11a if House Bill No. 6026 of the 96th Legislature is not approved by Michigan voters at the August 2014 election.

Effective immediately upon the Governor's approval on December 20, 2012.