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2012 House Bill 5619: Lower taxes on certain property with government loan subsidies and guarantees
Introduced by Rep. Wayne Schmidt R-Traverse City on May 10, 2012
To exempt the owners of housing projects financed by grants or loan guarantees administered by the Michigan State Housing Development Authority (MSHDA) from the lower property taxes levied on property located in a government “land bank” area. The owners would instead have to pay a lower “service charge” for public services.   Official Text and Analysis.
Referred to the House Commerce Committee on May 10, 2012