Introduced
by
To allow counties to shift property tax levies for public transportation millage, county park millage, drain debt millage and others to the summer tax bill. The bill appears to authorize advancing certain winter tax levies forward by five months beginning in 2008, which in accounting terms has the effect of essentially causing a permanent reduction in a taxpayer’s net worth equivalent to 5/12ths of the taxpayer’s annual liability for the accelerated millages.
Referred to the Committee on Finance
