MI SB1066

Extends technology park facilities tax exemption for eligible manufacturing personal property in facilities that held exemption certificates as of December 31, 2012

Allows eligible manufacturing personal property to remain exempt from ad valorem property taxes and subject to the technology park facilities tax until exemption under sections 9m, 9n, or 9o of the General Property Tax Act takes effect

Defines "eligible manufacturing personal property" by reference to section 9m of the General Property Tax Act, 1893 PA 206 (MCL 211.9m)

Automatically repeals this provision if House Bill No. 6026 of the 96th Legislature is not approved by Michigan voters in the August 2014 regular election

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