2011 House Bill 4668 / 2012 Public Act 46

Authorize resort “corporation” division of property taxes

Introduced in the House

May 24, 2011

Introduced by Rep. Frank Foster (R-107)

To authorize and establish procedures for converting property taxes levied on a condominium-style resort community that is organized as a corporation into a levy on the individual “shareholders” (who "lease" the lots but own the dwellings), on a pro-rated basis.

Referred to the Committee on Tax Policy

Dec. 7, 2011

Reported without amendment

With the recommendation that the substitute (H-2) be adopted and that the bill then pass.

Feb. 8, 2012

Substitute offered

The substitute passed by voice vote

Feb. 9, 2012

Passed in the House 104 to 0 (details)

To authorize and establish procedures for converting property taxes levied on a condominium-style resort community that is organized as a corporation into a levy on the individual “shareholders” (lot or dwelling owners), on a pro-rated basis.

Received in the Senate

Feb. 14, 2012

Referred to the Committee on Finance

Feb. 23, 2012

Reported without amendment

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

March 6, 2012

Substitute offered

The substitute passed by voice vote

March 7, 2012

Passed in the Senate 38 to 0 (details)

To authorize and establish procedures for converting property taxes levied on a condominium-style resort community that is organized as a corporation into a levy on the individual “shareholders” (who "lease" the lots but own the dwellings), on a pro-rated basis.

Received in the House

March 8, 2012

Passed in the House 110 to 0 (details)

To concur with the Senate-passed version of the bill.

Signed by Gov. Rick Snyder

March 13, 2012