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MI SB0786
Bill
AI Summary
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Exempts eligible aquaculture production facilities and eligible hydroponics production facilities from property tax collection for taxes levied after December 31, 2014
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Requires exempt facilities to instead pay a specific tax under the eligible hydroponics and eligible aquaculture production facilities specific tax act
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Defines "eligible aquaculture production facility" and "eligible hydroponics production facility" by reference to the eligible hydroponics and eligible aquaculture production facilities specific tax act
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Takes effect only if Senate Bill No. 787 of the 97th Legislature is enacted into law
Legislative Description
Property tax; exemptions; aquaculture production facility and hydroponics production facility; exempt. Amends 1893 PA 206 (MCL 211.1 - 211.155) by adding sec. 7uu. TIE BAR WITH: SB 0787'14
Property tax, exemptions
Last Action
Assigned Pa 0511'14 With Immediate Effect
12/31/2014