Loading chat...
MI SB0739
Bill
AI Summary
-
Caps tax assessments levied under section 10(2) of the Regional Transit Authority Act at 2 mills per dollar of taxable property value in a public transit region.
-
Restricts use of tax assessments to purposes authorized by the Regional Transit Authority Act only.
-
Prohibits any tax assessment revenue or attributable taxes from being transferred to, retained by, or captured by other governmental entities for any other purpose.
-
Takes effect 90 days after enactment into law.
Legislative Description
Transportation; other; regional transit authority act; clarify permissible use of a tax assessment under that act. Amends 2012 PA 387 (MCL 124.541 - 124.558) by adding sec. 10a.
Transportation: other
Last Action
Per Rule 41 Referred To Committee On Transportation And Infrastructure
5/11/2016