April 17, 2012, Introduced by Senators ROBERTSON, HUNE, KOWALL, MARLEAU, RICHARDVILLE, JONES, HILDENBRAND, NOFS, CASWELL and JANSEN and referred to the Committee on Finance.
A bill to amend 1984 PA 385, entitled
"Technology park development act,"
(MCL 207.701 to 207.718) by adding section 12a.
THE PEOPLE OF THE STATE OF MICHIGAN ENACT:
Sec. 12a. (1) If a facility was subject to a technology park
facilities exemption certificate on December 31, 2011,
notwithstanding any other provision of this act to the contrary,
that portion of the facility that is eligible manufacturing
personal property shall remain subject to the technology park
facilities tax and shall remain exempt from ad valorem property
taxes as provided in section 9 until that eligible manufacturing
personal property would otherwise be exempt from the collection of
taxes under section 9m, 9n, or 9o of the general property tax act,
1893 PA 206, MCL 211.9m, 211.9n, and 211.9o.
(2) As used in this subsection, "eligible manufacturing
personal property" means that term as defined in section 2 of the
personal property tax exemption reimbursement act.