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2011 House Bill 4134: Grant property tax breaks to residential developers

Public Act 494 of 2012

  1. 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.
    • 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) 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) 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.
  2. Passed 74 to 33 in the House on March 1, 2012.
    Who Voted "Yes" and Who Voted "No"

  3. 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) 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.
  4. Passed 22 to 15 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.
    Who Voted "Yes" and Who Voted "No"

  5. Received in the House on December 12, 2012.
  6. Passed 93 to 16 in the House on December 13, 2012, to concur with the Senate-passed version of the bill.
    Who Voted "Yes" and Who Voted "No"

  7. Signed by Gov. Rick Snyder on December 27, 2012.

Comments

Re: 2011 House Bill 4134 (Grant property tax breaks to residential developers )  by marysunshine on January 30, 2011 

I say NO!



Re: 2011 House Bill 4134 (Grant property tax breaks to residential developers )  by dbrown on January 27, 2011 

 Builders have been trying for years to get something like this passed. the problem is that with this type of an exemption they build house and when they don't sell they'll just sit and rot.


I seen a high rise Condo, about 80 units, 90% sat vacant for a number of years, I don't know if they ever sold them all, but at least the city got something out of it.



2011 House Bill 4134 (Grant property tax breaks to residential developers )  by admin on January 1, 2001 
Introduced in the House on January 25, 2011

Click here to view bill details.

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