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MI HB6560

Bill

Official Source

Status

Introduced

12/7/2022

Primary Sponsor

Steve Carra

Click for details

Origin

House of Representatives

101st Legislature

AI Summary

  • Removes the exemption from special assessments and voter-approved obligations for eligible data center property in renaissance zones approved in 2016 with minimum $100,000,000 investment
  • Eliminates the entire subsection (7) that previously granted tax exemptions to eligible data center property, effective for taxes levied after December 31, 2016
  • Removes definitions of "eligible data center property" and "qualified data center" from the statute
  • Retains existing exemptions for residential rental property, personal property, and casino property in renaissance zones, subject to compliance requirements
  • Maintains non-exempt status for special assessments, voter-approved bonds, and school taxes on all renaissance zone property

Legislative Description

Property tax: exemptions; certain property located in a renaissance zone; modify exemption for. Amends sec. 7ff of 1893 PA 206 (MCL 211.7ff).

Property tax: exemptions

Last Action

Bill Electronically Reproduced 12/07/2022

12/7/2022

Committee Referrals

Tax Policy12/7/2022

Full Bill Text

No bill text available