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MI SB1217
Bill
AI Summary
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Exempts all real and personal property constituting a public bridge facility that is subject to a public-private agreement from property tax collection under Michigan tax law.
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Defines "public bridge facility" and "public-private agreement" by reference to section 5k of the Home Rule City Act (1909 PA 279, MCL 117.5k).
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Effective date is March 24, 2021, contingent upon enactment of Senate Bills 1215 and 1218 of the 100th Legislature.
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Amends the General Property Tax Act (1893 PA 206) by adding a new section 7xx.
Legislative Description
Property tax: exemptions; property tax exemption for real and personal property constituting certain public bridge facilities; create. Amends 1893 PA 206 (MCL 211.1 - 211.155) by adding sec. 7xx. TIE BAR WITH: SB 1215'20, SB 1218'20
Property tax: exemptions
Last Action
Assigned Pa 0355'20
12/30/2020