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2012 House Bill 5557: Retroactively exempt a DDA from certain requirements

Public Act 510 of 2012

Introduced by Rep. Margaret O'Brien (R) on April 24, 2012 To retroactively create an exception for the Kalamazoo and Battle Creek Downtown Development Authorities, which failed to comply with certain requirements in the law that would allow them to “capture” a portion of taxes levied by local governments, even if the local has exempted a particular corporation from a tax. DDAs use the money they "capture" to repay debt they incur for spending that benefits property owners in a specified portion of the community.   Official Text and Analysis.
Referred to the House Tax Policy Committee on April 24, 2012
Reported in the House on June 6, 2012 Without amendment and with the recommendation that the bill pass.
Passed 93 to 14 in the House on September 27, 2012 (same description)
To retroactively create an exception for the Kalamazoo and Battle Creek Downtown Development Authorities, which failed to comply with certain requirements in the law that would allow them to “capture” a portion of taxes levied by local governments, even if the local has exempted a particular corporation from a tax. DDAs use the money they "capture" to repay debt they incur for spending that benefits property owners in a specified portion of the community.
Received in the Senate on October 17, 2012
Referred to the Senate Economic Development Committee on October 17, 2012
Reported in the Senate on December 6, 2012 With the recommendation that the bill pass.
Passed 38 to 0 in the Senate on December 13, 2012 (same description)
To retroactively create an exception for the Kalamazoo and Battle Creek Downtown Development Authorities, which failed to comply with certain requirements in the law that would allow them to “capture” a portion of taxes levied by local governments, even if the local has exempted a particular corporation from a tax. DDAs use the money they "capture" to repay debt they incur for spending that benefits property owners in a specified portion of the community.
Signed by Gov. Rick Snyder on December 27, 2012

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