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MI SB0956

Bill

Official Source

Status

Introduced

3/9/2022

Primary Sponsor

Mark Huizenga

Click for details

Origin

Senate

101st Legislature

AI Summary

  • Exempts new personal property comprising fully automated consumer goods handling systems from property tax collection beginning January 1, 2023
  • Applies exemption only to systems located in facilities owned, leased, or used by wholesalers
  • Defines "fully automated consumer goods handling system" as supply chain optimization machinery, equipment, repair or replacement parts, and software that are component parts of an integrated goods handling system
  • Covered systems must separate, sort, temporarily store, recombine, and assemble palletized units of consumer goods

Legislative Description

Property tax: exemptions; tax exemption for personal property comprising certain consumer goods handling systems; provide for. Amends 1893 PA 206 (MCL 211.1 - 211.155) by adding sec. 9h.

Trade: consumer goods and services

Last Action

Referred To Committee On Finance

3/9/2022

Committee Referrals

Finance3/9/2022

Full Bill Text

No bill text available