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MI SB0601

Bill

Official Source

Status

Passed

8/3/2016

Primary Sponsor

Dale Zorn

Click for details

Origin

Senate

98th Legislature

AI Summary

  • Establishes filing and indexing fees for federal tax liens and related notices in Michigan based on the fee structure for recording real estate mortgages.

  • Sets the fee for filing a lien on real estate or tangible/intangible property equal to the standard real estate mortgage recording fee.

  • Sets the fee for filing a certificate of discharge or subordination equal to the standard real estate mortgage discharge recording fee.

  • Sets the fee for filing all other notices (including certificates of release or nonattachment) equal to the standard real estate mortgage recording fee.

  • Requires filing officers to bill federal Internal Revenue Service district directors or other appropriate federal officials on a monthly basis for fees, unless alternative payment methods are established.

  • Takes effect October 1, 2016, contingent on Senate Bill 599 also being enacted into law.

Legislative Description

Liens; other; federal tax liens; modify fee for filing and indexing liens and notices. Amends sec. 6 of 1983 PA 102 (MCL 211.666). TIE BAR WITH: SB 0599'15

State agencies (existing): state

Last Action

Presented To Governor 6/14/2016 @ 11:50 Am

9/6/2016

Committee Referrals

Local Government2/16/2016
Banking & Financial Institutions11/4/2015

Full Bill Text

No bill text available