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Legislation watch
2013 Senate Bill 489: Revise “personal property tax” reform details
Public Act 153 of 2013
Introduced by Sen. Jack Brandenburg R-Harrison Twp on September 12, 2013
To revise details of a 2012 law 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. Official Text and Analysis.
Referred to the Senate Finance Committee on September 12, 2013
Reported in the Senate on September 19, 2013
With the recommendation that the bill pass.
Amendment offered in the Senate on September 19, 2013
To clarify a deadline in the procedures for claiming this tax exemption.
The amendment passed by voice vote in the Senate on September 19, 2013
Received in the House on September 19, 2013
Referred to the House Tax Policy Committee on September 19, 2013
Reported in the House on October 9, 2013
With the recommendation that the substitute (H-2) be adopted and that the bill then pass.
Substitute offered in the House on October 16, 2013
The substitute passed by voice vote in the House on October 16, 2013
To revise details of a 2012 law 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 on October 22, 2013
To concur with the House-passed version of the bill.
Signed by Gov. Rick Snyder on November 5, 2013