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MI HB4047
Bill
Status
1/18/2017
Primary Sponsor
Mary Whiteford
Click for details
AI Summary
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Exempts eligible broadband equipment from property tax collection beginning December 31, 2017.
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Defines "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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Qualifies equipment owned by terrestrial broadband service providers that is used to provide broadband service, including switches, routers, servers, fiber optics, and related transmission equipment.
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Limits exemption to equipment first installed after December 31, 2016 and used for no more than 10 years.
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Applies to telecommunications carriers, commercial mobile service carriers, cable operators, open video system operators, and video service providers.
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
Recommendation Concurred In
10/18/2017