A bill to provide for the authorization and levy of a specific tax in lieu of certain ad valorem property taxes for purposes of improving equity in the taxation of property and to encourage the development of property within the boundaries of certain cities and local units of government; to prescribe the powers, duties, and jurisdictions of those cities and local units of government, and certain local and state officials, in the authorization and levy of the specific alternative tax and for the administration of this act; to limit the levy of certain ad valorem property taxes and exempt certain property from the collection of certain ad valorem property taxes within cities and local units of government qualified to levy the specific alternative tax; to regulate the levy, collection, and distribution of the specific alternative tax within the jurisdiction of each city or local unit of government qualified to levy the specific alternative tax; to create and provide for the modification of certain credits and exemptions against the specific alternative tax in certain circumstances in order to enhance the equitable purposes and objectives of this act; to provide for the exemption from certain taxes; and to provide for the powers and duties of certain state and local governmental officers and entities.
Co-sponsored by Reps.
Referred to the Committee on Tax Policy
Reported with substitute H-2
Substitute H-2 concurred in by voice vote
1. Amend page 8, line 27, after “(2)” by striking out the balance of the line through “government” on line 28 and inserting “The governing body of a qualified city, or the governing body of a qualified local unit of government upon the request of the governing body of a qualified city,”.
The amendment passed by voice vote
1. Amend page 14, following line 13, by inserting:
“(9) A qualified city is subject to an audit under section 10g of the general property tax act, 1893 PA 206, MCL 211.10g, in the same manner as all other assessing districts, and administration of the land value tax under this act must comply with section 10g of the general property tax act, 1893 PA 206, MCL 211.10g. Any aspects of the administration of this tax that do not comply with section 10g of the general property tax act, 1893 PA 206, MCL 211.10g, must be submitted to the state tax commission by the qualified city for review and approval by the state tax commission.”.
The amendment passed by voice vote
1. Amend page 7, line 21, after "date" by inserting "after September 1, 2024".
The amendment passed by voice vote
