MI HB5362

Replaces mandatory language ("shall") with permissive or descriptive language ("must," "is," "does") throughout section 43 of the General Property Tax Act regarding tax collection and payment procedures.

Adds new subsection (14) establishing that collection and return of taxes levied by community college district boards is subject to the limitation in section 144(6) of the Community College Act of 1966, MCL 389.144.

Updates statutory citations to use modern reference format (e.g., "1993 PA 331, MCL 211.901 to 211.906" instead of "Act No. 331 of the Public Acts of 1993").

Corrects an existing provision regarding bond requirements for township treasurers to clarify that corporate surety bonds require only county treasurer approval, not joint approval.

Takes effect only if Senate Bill No. ____ or House Bill No. 5361 is enacted into law (tie-bar provision).