MI SB1068

Extends eligibility for the specific tax and ad valorem property tax exemption for facilities certified as qualified businesses on December 31, 2012, allowing their eligible manufacturing personal property to remain exempt until such property would otherwise become exempt under sections 9m, 9n, or 9o of the General Property Tax Act.

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

Repeals the newly added Section 21d if House Bill No. 6026 of the 96th Legislature is not approved by a majority of qualified electors voting on the question at the August 2014 regular election.

Effective date: March 28, 2013.