MI HB5571

Reduces the maximum tax levy period from 20 years to 10 years for art institute authorities levying up to 0.2 mill on taxable property within a county.

Requires that any new tax or renewal of an existing tax by an art institute authority can only be authorized if the art institute is owned by a municipality in Michigan as of the date the tax is approved.

Maintains existing requirements that tax proposals must be adopted by board resolution, certified to the county clerk at least 60 days before an election, and approved by a majority of county electors voting on the proposal.

Limits tax proposals to a maximum of 2 elections per calendar year under the Art Institute Authorities Act.