Introduced
by
To revise details of a "personal property tax" exemption for manufacturing facilities, which was the device used by a <a href=" http://www.legislature.mi.gov/documents/2011-2012/billanalysis/Senate/pdf/2011-SFA-1065-N.pdf">2012 legislative package</a> enacted to cut this property tax imposed on business tools and equipment, and replace the foregone local government revenue with money from the state “use tax.” For any of this to happen voters must approve related changes to the use tax in an August, 2014 ballot initiative; the legislative package comprised of Senate Bills 821 to 830 was negotiated to forestall local government opposition to that measure.
Referred to the Committee on Finance
Reported without amendment
With the recommendation that the bill pass.
Substitute offered
The substitute passed by voice vote
Passed in the Senate 36 to 2 (details)
Referred to the Committee on Tax Policy
Reported without amendment
With the recommendation that the substitute (H-1) be adopted and that the bill then pass.
Substitute offered
The substitute passed by voice vote
Passed in the House 108 to 1 (details)
To revise details of a "personal property tax" exemption for manufacturing facilities, which was the device used by a <a href=" http://www.legislature.mi.gov/documents/2011-2012/billanalysis/Senate/pdf/2011-SFA-1065-N.pdf">2012 legislative package</a> enacted to cut this property tax imposed on business tools and equipment, and replace the foregone local government revenue with money from the state “use tax.” For any of this to happen voters must approve related changes to the use tax in an August, 2014 ballot initiative; the legislative package comprised of Senate Bills 821 to 830 was negotiated to forestall local government opposition to that measure.
Passed in the Senate 35 to 2 (details)
To concur with the House-passed version of the bill.
