2008 Senate Bill 1550 ↩

House Roll Call 1069: Passed

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.