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MI HB4321

Bill

Official Source

Status

Introduced

2/26/2013

Primary Sponsor

Ed McBroom

Click for details

Origin

House of Representatives

97th Legislature

AI Summary

  • Authorizes the local tax collector's treasurer to collect recapture tax on converted qualified forest property
  • Requires the local assessor to notify the treasurer when property use changes and conversion occurs
  • Directs recapture tax proceeds to the state general fund for collections made before January 1, 2014
  • Directs recapture tax proceeds to the private forestland enhancement fund (created under 1994 PA 451, MCL 324.51305) for collections made after December 31, 2013

Legislative Description

Property tax; classification; allocation of qualified forest property recapture tax; modify. Amends sec. 5 of 2006 PA 379 (MCL 211.1035).

Agriculture, other

Last Action

Referred To Committee On Natural Resources, Environment And Great Lakes

3/20/2013

Committee Referrals

Natural Resources, Environment And Great Lakes3/20/2013
Natural Resources2/26/2013

Full Bill Text

No bill text available