Introduced
by
To exempt land subject to a conservation easement (but not buildings or structures on the land) from the Proposal A taxable value “pop-up,” in which the state equalized value (market value) of newly-sold property becomes the basis for the property tax assessment of a new owner, rather than the capped “taxable value” of the previous owner, which is lower.
Referred to the Committee on Finance
Reported without amendment
With the recommendation that the bill pass.
Amendment offered
by
To establish explicitly that the bill's effect is prospective only, and not retroactive.
The amendment passed by voice vote
Passed in the Senate 36 to 0 (details)
To exempt land subject to a conservation easement (but not buildings or structures on the land) from the Proposal A taxable value “pop-up,” in which the state equalized value (market value) of newly-sold property becomes the basis for the property tax assessment of a new owner, rather than the capped “taxable value” of the previous owner, which is lower.
Referred to the Committee on Tax Policy
Reported without amendment
Without amendment and with the recommendation that the bill pass.
Passed in the House 106 to 1 (details)
To exempt land subject to a conservation easement (but not buildings or structures on the land) from the Proposal A taxable value “pop-up,” in which the state equalized value (market value) of newly-sold property becomes the basis for the property tax assessment of a new owner, rather than the capped “taxable value” of the previous owner, which is lower.
Motion to reconsider
by
The vote by which the House passed the bill.
The motion passed by voice vote
Received
Substitute offered
by
To replace the previous version of the bill with one that also exempts from the "pop-up" property subject to the productive forestland tax breaks authorized by <a href="http://www.michiganvotes.org/2005-SB-912">Senate Bill 912, now Public Act 378 of 2006</a>.
The substitute passed by voice vote
Passed in the House 104 to 0 (details)
To exempt land subject to a conservation easement (but not buildings or structures on the land) from the Proposal A taxable value “pop-up,” in which the state equalized value (market value) of newly-sold property becomes the basis for the property tax assessment of a new owner, rather than the capped “taxable value” of the previous owner, which is lower.
Passed in the Senate 37 to 0 (details)
To concur with the House-passed version of the bill.
