MI HB6336

Local tax collecting units may adopt a resolution to exempt real property from property taxes if owned by a qualified health care entity in an eligible distressed area and purchased from a municipal health facilities corporation.

Tax exemption period cannot exceed 20 years and becomes effective December 31 following resolution adoption, continuing through December 30 of the final exemption year.

Local tax collecting unit clerk must notify assessor and affected taxing units in writing and hold a hearing before adopting the resolution.

State tax commission has 60 days to determine if property meets exemption requirements, and state treasurer must approve the resolution based on necessity to promote economic stability, prevent unemployment, and maintain access to health services.

County may elect within 45 days of state treasurer approval to withdraw all county mills from the exemption, requiring the local tax collecting unit to levy and collect those county taxes on the exempt property; state tax commission must annually report the number of entities receiving exemptions.