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2013 Senate Bill 114: Revise commercial rental property assessment occupancy formula

Public Act 164 of 2014

Introduced by Sen. Vincent Gregory (D) on January 30, 2013 To eliminate the use of rental property occupancy rate increases or decreases in determining the taxable value of property. The bill is a response to a 2002 Supreme Court ruling (WPW vs. Troy) which held that the Constitutional tax cap put in place by Proposal A in 1994 capped annual increases in the assessments of commercial property whose assessment had previously been lowered because of high vacancy rates.   Official Text and Analysis.
Referred to the Senate Finance Committee on January 30, 2013
Reported in the Senate on May 28, 2013 With the recommendation that the bill pass..
Passed 37 to 1 in the Senate on June 13, 2013 (same description)
To eliminate the use of rental property occupancy rate increases or decreases in determining the taxable value of property. The bill is a response to a 2002 Supreme Court ruling (WPW vs. Troy) which held that the Constitutional tax cap put in place by Proposal A in 1994 capped annual increases in the assessments of commercial property whose assessment had previously been lowered because of high vacancy rates.
Received in the House on June 13, 2013
Referred to the House Tax Policy Committee on June 13, 2013
Reported in the House on February 26, 2014 Without amendment and with the recommendation that the bill pass.
Substitute offered by Rep. Jeff Farrington (R) on May 22, 2014 To replace the previous version of the bill with one that revises details but does not change the substance as previously described.
The substitute passed by voice vote in the House on May 22, 2014
Passed 98 to 12 in the House on May 27, 2014 (same description)
To eliminate the use of rental property occupancy rate increases or decreases in determining the taxable value of property. The bill is a response to a 2002 Supreme Court ruling (WPW vs. Troy) which held that the Constitutional tax cap put in place by Proposal A in 1994 capped annual increases in the assessments of commercial property whose assessment had previously been lowered because of high vacancy rates.
Received in the Senate on May 28, 2014
Passed 37 to 1 in the Senate on June 2, 2014
Signed by Gov. Rick Snyder on June 12, 2014

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