MI HB4557

Extends industrial facilities tax exemptions for eligible manufacturing personal property on facilities with exemption certificates issued on or after December 31, 2012, until the property would otherwise be exempt under general property tax provisions.

Requires holders of extended industrial facilities exemption certificates to file an affidavit with the local assessor by February 20 of the first year eligible manufacturing personal property becomes eligible personal property, identifying the portion of the facility that qualifies.

Defines "eligible manufacturing personal property" and "eligible personal property" by reference to the general property tax act and state essential services assessment act.

Took effect immediately upon Governor's approval on July 9, 2015.