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Legislation watch
2011 House Bill 4134: Grant property tax breaks to residential developers
Public Act 494 of 2012
Introduced in the House on January 25, 2011
To exempt land on which homes and apartments built "on spec" by residential real estate developers from school operations property tax until the property is occupied. Official Text and Analysis.
Referred to the House Tax Policy Committee on January 25, 2011
Reported in the House on February 15, 2012
With the recommendation that the substitute (H-1) be adopted and that the bill then pass.
Substitute offered in the House on February 29, 2012
The substitute passed by voice vote in the House on February 29, 2012
Amendment offered by Rep. Jim Townsend D-Royal Oak on February 29, 2012
To cap the tax break duration at one year.
The amendment failed by voice vote in the House on February 29, 2012
Amendment offered by Rep. Jim Townsend D-Royal Oak on February 29, 2012
To tie-bar the bill to House Bill 4903, meaning this bill cannot become law unless that one does also. HB 4903 would pro-rate homestead property tax exemptions when a person buys a new home after May 1 (the current deadline for getting the exemption for the year).
The amendment failed by voice vote in the House on February 29, 2012
Received in the Senate on March 6, 2012
Referred to the Senate Finance Committee on March 6, 2012
Substitute offered in the Senate on December 5, 2012
The substitute passed by voice vote in the Senate on December 5, 2012
Substitute offered by Sen. Arlan Meekhof R-West Olive on December 12, 2012
To replace the previous version of the bill with one that limits the proposed tax breaks to three years and revises other details.
The substitute passed by voice vote in the Senate on December 12, 2012
To exempt land on which homes and apartments built "on spec" by residential real estate developers from school operations property tax for three years or until the property is occupied, whichever happens first.
Received in the House on December 12, 2012
To concur with the Senate-passed version of the bill.
Signed by Gov. Rick Snyder on December 27, 2012