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MI HB5506
Bill
Status
12/15/2021
Primary Sponsor
Jim Ellison
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AI Summary
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Prohibits approval and issuance of new industrial facilities exemption certificates after December 30, 2021 for personal property that qualifies as eligible manufacturing personal property under the general property tax act.
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Maintains existing procedures requiring local legislative bodies to approve or disapprove exemption applications within 60 days and forward approvals to the state tax commission within specified timeframes.
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Allows applicants to appeal disapprovals to the state tax commission within 10 days of the disapproval date.
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Takes effect immediately upon enactment (December 27, 2021).
Legislative Description
Taxation: other; eligibility for certain industrial facilities exemption certificates; modify. Amends sec. 6 of 1974 PA 198 (MCL 207.556).
Taxation: other
Last Action
Assigned Pa 157'21 With Immediate Effect
12/15/2021