2013 House Bill 5017 / Public Act 204

Expand certain developer tax breaks

Introduced in the House

Sept. 25, 2013

Introduced by Rep. Margaret O’Brien (R-61)

To expand a <a href="http://www.michiganvotes.org/2011-HB-4134">2012 law</a> that exempts 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 occurs first). The bill would extend the exemption to the land, not just the new structures.

Referred to the Committee on Tax Policy

Nov. 6, 2013

Reported without amendment

With the recommendation that the substitute (H-1) be adopted and that the bill then pass.

Nov. 12, 2013

Substitute offered

The substitute passed by voice vote

Nov. 13, 2013

Passed in the House 86 to 24 (details)

Received in the Senate

Nov. 14, 2013

Referred to the Committee on Economic Development

Dec. 4, 2013

Reported without amendment

With the recommendation that the bill pass.

Dec. 5, 2013

Passed in the Senate 27 to 9 (details)

To expand a <A href="http://www.michiganvotes.org/2011-HB-4134">2012 law</A> that exempts 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 occurs first). The bill would extend the exemption to new structures, not just the land.

Motion to reconsider by Sen. Arlan Meekhof (R-30)

The vote by which the bill was passed.

The motion passed by voice vote

Received

Passed in the Senate 26 to 10 (details)

To expand a <A href="http://www.michiganvotes.org/2011-HB-4134">2012 law</A> that exempts 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 occurs first). The bill would extend the exemption to new structures, not just the land.

Signed by Gov. Rick Snyder

Dec. 17, 2013