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MI HB5946
Bill
Status
9/22/2016
Primary Sponsor
Aric Nesbitt
Click for details
AI Summary
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Exempt eligible broadband equipment from property tax collection beginning December 31, 2016.
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Define broadband service as internet access capable of transmitting data at minimum 50 megabits per second download speed and 5 megabits per second upload speed.
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Eligible broadband equipment includes asynchronous transfer mode switches, digital subscriber line access multiplexers, routers, servers, multiplexers, fiber optics, and related equipment used to provide broadband service.
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Equipment must be owned by a qualified business (terrestrial broadband service provider), first installed after December 31, 2015, and used for no more than 10 years.
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Specify equipment scope for telecommunications carriers, commercial mobile service carriers, and cable/video system operators as integral parts of broadband networks.
Legislative Description
Property tax; exemptions; eligible broadband equipment; exempt from personal property tax. Amends 1893 PA 206 (MCL 211.1 - 211.155) by adding sec. 9p.
Property tax: exemptions
Last Action
Per Rule 41 Referred To Committee On Communications And Technology
10/19/2016