To exempt a particular “data center” business that is also benefiting from state “renaissance zone” subsidies and tax breaks from additional local and school personal property taxes (which are levied on business tools and equipment). The bill would exempt the equipment owned by the Nevada company that occupied the former Steelcase “Pyramid” building in Grand Rapids from local debt millages, local special assessment levies, and some school property tax levies ("revenue enhancement" millages and "sinking fund" taxes).
Senate Bill 455.
