MI SB1203

Adds section 14a to the 1893 Property Tax Act to address assessment of personal property relocated due to COVID-19 for the 2021 tax year only.

Personal property (including exempt personal property) located in an alternate location on tax day must be assessed at its ordinary location instead of where it was temporarily moved.

Defines "ordinary location" as where property would normally be deployed for primary use, evidenced by the owner's business location or the property's location on December 31, 2019.

Applies to all personal property moved to alternate tax collecting units in Michigan due to the COVID-19 pandemic.

Effective immediately upon approval (December 30, 2020).