Introduced
by
To revise the <a href="http://www.michiganvotes.org/2004-SB-1111">2004 law</a> that, to prevent reductions in desired state government spending, shifted forward to an earlier date the deadline for paying biannual county property tax payments, and required counties to use the extra revenue this generated to create a fund to replace state revenue sharing payments. The bill would reduce the amount counties are required to deposit in these “reserve funds” by the amount that local Tax Increment Financing Authorities (TIFAs) “capture” from county tax receipts.
Referred to the Committee on Appropriations
Reported without amendment
With the recommendation that the substitute (S-1) be adopted and that the bill then pass.
Substitute offered
To replace the previous version of the bill with one that revises details but does not change the substance of the bill as previously described.
The substitute passed by voice vote
Passed in the Senate 38 to 0 (details)
Referred to the Committee on Intergovernmental, Urban, and Regional Affairs
Reported without amendment
Without amendment and with the recommendation that the bill pass.
Passed in the House 107 to 0 (details)
To revise the <a href="http://www.michiganvotes.org/2004-SB-1111">2004 law</a> that, to prevent reductions in desired state government spending, shifted forward to an earlier date the deadline for paying biannual county property tax payments, and required counties to use the extra revenue this generated to create a fund to replace state revenue sharing payments. The bill would reduce the amount counties are required to deposit in these “reserve funds” by the amount that local Tax Increment Financing Authorities (TIFAs) “capture” from county tax receipts.
