MI SB0823

Expands personal property tax exemptions for eligible manufacturing businesses beginning December 31, 2015, allowing qualified new personal property to be exempt from collection if an affidavit is properly filed with the local tax collecting unit.

Defines "eligible manufacturing personal property" as personal property used predominantly (more than 50%) in industrial processing or direct integrated support, excluding electricity generation, transmission, or distribution for sale.

Exempts utility personal property from eligibility for exemptions under sections 9m and 9n, with an enacting clause preserving the Detroit Edison Company v. Department of Treasury court decision.

Modifies section 9f to allow Next Michigan development corporations to adopt tax exemption resolutions for new personal property in designated districts, subject to written agreements with remedy provisions including potential repayment of exempted taxes.

Requires assessors and county equalization directors to report 2013-2014 taxable values of commercial and industrial personal property and small taxpayer exemption losses by specified June and August 2014 deadlines.