February 22, 2011, Introduced by Reps. Rogers, Crawford, Pscholka, Damrow, Denby, Haugh, Hooker, Horn, Wayne Schmidt and Bumstead and referred to the Committee on Tax Policy.
A bill to amend 1893 PA 206, entitled
"The general property tax act,"
(MCL 211.1 to 211.155) by adding section 7ll.
THE PEOPLE OF THE STATE OF MICHIGAN ENACT:
Sec. 7ll. For taxes levied after December 31, 2010, real
property purchased from a school district and all personal property
located on that real property are exempt from the taxes collected
under this act for 5 years beginning on December 31 in the year in
which the purchase of the real property occurred.