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MI HB4058
Bill
Status
6/7/2017
Primary Sponsor
Eric Leutheuser
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AI Summary
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Amends the Neighborhood Enterprise Zone Act to require assessors to annually determine the assessed valuation of properties with neighborhood enterprise zone certificates and calculate the ad valorem property tax that would have been paid without the certificate
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Requires assessors to send annual certified mail notification to governing bodies of taxing units and certificate holders by October 15, based on valuations as of the preceding December 31
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Repeals section 14 of the Neighborhood Enterprise Zone Act (MCL 207.784)
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Effective immediately upon Governor's approval on June 7, 2017
Legislative Description
Economic development; neighborhood enterprise zones; requirement to send report of assessed values and ad valorem taxes to the Michigan enterprise zone authority; eliminate. Amends sec. 13 of 1992 PA 147 (MCL 207.783) & repeals sec. 14 of 1992 PA 147 (MCL 207.784).
Property tax: assessments
Last Action
Assigned Pa 44'17 With Immediate Effect
6/7/2017