SB 1169 Summary

• After December 31, 2016, property taxes collected under sections 625a, 681, 705, 1211, and 1724a of the Revised School Code must be forwarded to the state treasurer for deposit into education savings accounts on a pro rata basis for pupils residing in the taxing unit.

• Eligible services for education savings accounts are authorized under the Michigan Parental Choice in Education Program Act.

• Amendments clarify tax collection procedures for township and county treasurers, including bonding requirements, delivery schedules, and interest accounting on collected taxes.

• Establishes summer property tax levy provisions allowing counties to phase in summer collections beginning in 2005, with specified percentages increasing annually until full implementation by 2007.

• Allows certain taxpayers (disabled persons, seniors, and agricultural property owners meeting income thresholds) to defer summer property tax payments until February 15 without penalties or interest.