2013 Senate Bill 489 / Public Act 153

Revise “personal property tax” reform details

Introduced in the Senate

Sept. 12, 2013

Introduced by Sen. Jack Brandenburg (R-11)

To revise details of a <a href="http://www.michiganvotes.org/2012-SB-1070">2012 law</a> that exempts from property tax up to $80,000 ($40,000 in “taxable value”) worth of tools and equipment owned or leased by a business in a particular jurisdiction. (This so-called "personal property tax" imposes annual property taxes on business tools and equipment.) The bill would empower local assessors to retroactively deny exemptions for the three past years; authorize criminal penalties for claiming the exemption on ineligible property; revise details of the definition of what property is eligible; revise procedures for claiming the exemption; impose new record-keeping requirements on businesses; and more. It and Senate Bill 490 are considered a "clean up" of provisions in that 2012 law.

Referred to the Committee on Finance

Sept. 19, 2013

Reported without amendment

With the recommendation that the bill pass.

Amendment offered

To clarify a deadline in the procedures for claiming this tax exemption.

The amendment passed by voice vote

Passed in the Senate 27 to 9 (details)

Received in the House

Sept. 19, 2013

Referred to the Committee on Tax Policy

Oct. 9, 2013

Reported without amendment

With the recommendation that the substitute (H-2) be adopted and that the bill then pass.

Oct. 16, 2013

Substitute offered

The substitute passed by voice vote

Oct. 17, 2013

Passed in the House 82 to 26 (details)

To revise details of a <a href="http://www.michiganvotes.org/2012-SB-1070">2012 law</a> that exempts from property tax up to $80,000 ($40,000 in “taxable value”) worth of tools and equipment owned or leased by a business in a particular jurisdiction. (This so-called "personal property tax" imposes annual property taxes on business tools and equipment.) The bill would empower local assessors to retroactively deny exemptions for the three past years; authorize criminal penalties for claiming the exemption on ineligible property; revise details of the definition of what property is eligible; revise procedures for claiming the exemption; impose new record-keeping requirements on businesses; and more. It is considered a "clean up" of provisions in that 2012 law.

Received in the Senate

Oct. 22, 2013

Oct. 23, 2013

Passed in the Senate 28 to 10 (details)

To concur with the House-passed version of the bill.

Signed by Gov. Rick Snyder

Nov. 5, 2013