MI SB0807

Allows property owners to retroactively claim exemptions for eligible manufacturing personal property that qualified for the 2021 tax year but were not properly filed due to COVID-19 pandemic impacts, with applications due within 30 days of the amendment's effective date.

State tax commission may grant the exemption for 2021 only and establish an assessment under the State Essential Services Assessment Act, with payment due 45 days after issuance of the order; failure to pay results in rescission of the exemption.

Creates the Late-Qualifying Eligible Manufacturing Personal Property Tax Reimbursement Fund in the state treasury to provide refunds to property owners who paid 2021 taxes and to compensate local tax collecting units for unpaid taxes that are cancelled.

Property owners who paid some or all of 2021 property taxes receive refunds including any penalties or interest paid, while unpaid taxes are cancelled and a distribution is made to local units to redistribute those amounts to affected taxing units.

Denials of applications by the state tax commission are subject to appeal to the tax tribunal within 35 days of the denial notice.