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2013 Senate Bill 489: Revise “personal property tax” reform details

Public Act 153 of 2013

  1. Introduced by Sen. Jack Brandenburg (R) 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.
    • 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.
  2. Passed 27 to 9 in the Senate on September 19, 2013.
    Who Voted "Yes" and Who Voted "No"

  3. 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.
  4. Passed 82 to 26 in the House on October 17, 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.
    Who Voted "Yes" and Who Voted "No"

  5. Received in the Senate on October 22, 2013.
  6. Passed 28 to 10 in the Senate on October 23, 2013, to concur with the House-passed version of the bill.
    Who Voted "Yes" and Who Voted "No"

  7. Signed by Gov. Rick Snyder on November 5, 2013.

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