MI HB5612

Amends the General Property Tax Act regarding tax collection and payment procedures for townships, cities, and counties in Michigan.

Requires township supervisors to notify treasurers of state, county, school, and public transportation authority tax amounts; requires treasurers to provide bonds to county treasurers before tax collection begins.

Establishes tax collection delivery schedules requiring treasurers to deliver collected taxes within 10 business days after the 1st and 15th of each month, with at least 90% delivery by late February and final settlement by April 1 annually.

Allows alternative collection schedules if the township or city and local governmental unit agree to them, and permits smaller townships (state equalized valuation of $15 million or less) to retain collections up to 25% of apportioned taxes before mandatory delivery.

Makes the act contingent on enactment of Senate Bill 98 and either Senate Bill (number blank) or House Bill 5611.