RENAISSANCE ZONES                                                                   S.B. 676: FLOOR ANALYSIS

Senate Bill 676 (as reported)

Sponsor: Senator Henry E. Stallings, II Committee: Local, Urban and State Affairs

CONTENT

The bill would amend the City Utility Users Tax Act to provide that for tax years beginning after December 31, 1996, a person or corporation would be exempt from the uniform city utility users tax ordinance to the extent and for the duration provided pursuant to the Michigan Renaissance Zone Act (proposed by Senate Bill 668).

MCL 141.1155                                                                                   Legislative Analyst: L. Arasim

FISCAL IMPACT

Please see FISCAL IMPACT for Senate Bill 668.

Date Completed: 12-12-95                                                                      Fiscal Analyst: J. Wortley

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This analysis was prepared by nonpartisan Senate staff for use by the Senate in its deliberations and does not constitute an official statement of legislative intent.