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MI SB0114
Bill
AI Summary
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Exempts tangible personal property and products used in altering, repairing, or improving real estate from use tax if affixed to or made part of improvements within a transformational brownfield plan
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Applies exemption only when improvements qualify as eligible activities under the brownfield redevelopment financing act (1996 PA 381, MCL 125.2652, section 2(o)(iv))
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Limits exemption to eligible property included in a transformational brownfield plan, as defined in the brownfield redevelopment financing act
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Takes effect July 24, 2017 (45 days after enactment on June 8, 2017)
Legislative Description
Use tax; collections; certain revenue attributable to transformational brownfield plans; capture and earmark. Amends 1937 PA 94 (MCL 205.91 - 205.111) by adding sec. 4dd.
Use tax: collections
Last Action
Assigned Pa 0049'17 With Immediate Effect
6/13/2017