A bill to amend 2003 PA 258, entitled “Land bank fast track act,” by amending sections 4, 13, and 14 (MCL 124.754, 124.763, and 124.764).
House Bill 4675 would amend the Land Bank Fast Track Act to specify that the property and income of a land bank authority is exempt from all taxes, special assessments, and user fees levied by the state or a local government. Currently, the act provides that land bank authorities are exempt from all taxation by state and local governments. The bill would apply to all taxes, special assessments and user fees levied on or after its effective date, and would not prevent an authority from contracting with a local government for services. If an authority or its tenant enters into an express contract for services from a local government, a user fee could be charged for those services. Local governments would be prohibited from providing services to an authority or its tenant unless an express contract is entered into.
Introduced
by
Referred to the Committee on Local Government and Municipal Finance
Referred to the Committee on Tax Policy
Reported with substitute H-1
Substitute H-1 concurred in by voice vote
Substitute H-2 offered
by
The substitute passed by voice vote
Passed in the House 58 to 49 (details)
Motion to give immediate effect
by
The motion prevailed by voice vote
Referred to the Committee on Finance, Insurance, and Consumer Protection
