HOUSE BILL No. 4556


     April 8, 1997, Introduced by Reps. Callahan, Tesanovich, Prusi, Hale, Anthony, Harder, Curtis, Lowe, Gagliardi, Goschka, Mans, Jaye and McManus 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 211.157) by adding section 7ff.

               THE PEOPLE OF THE STATE OF MICHIGAN ENACT:

 1         SEC. 7FF.  (1) PROPERTY THAT IS DESIGNATED AS A WETLAND IN A

 2    FINAL INVENTORY UNDER PART 303 (WETLAND PROTECTION) OF THE NATU-

 3    RAL RESOURCES AND ENVIRONMENTAL PROTECTION ACT, 1994 PA 451, MCL

 4    324.30301 TO 324.30323, IS EXEMPT FROM THE COLLECTION OF TAXES

 5    UNDER THIS ACT AFTER DECEMBER 31, 1997.

 6         (2) THIS STATE SHALL REIMBURSE EACH LOCAL TAX COLLECTING

 7    UNIT FOR ANY REDUCTION IN PROPERTY TAX REVENUE INCURRED AS THE

 8    RESULT OF AN EXEMPTION GRANTED UNDER SUBSECTION (1).  A LOCAL TAX

 9    COLLECTING UNIT SEEKING REIMBURSEMENT UNDER THIS SUBSECTION SHALL

10    SUBMIT A CLAIM FOR REIMBURSEMENT TO THE STATE TAX COMMISSION ON A

11    FORM PRESCRIBED BY THE STATE TAX COMMISSION, IDENTIFYING THE


   01176'97                                                 FDD
                                              2

 1    PROPERTY EXEMPTED AND STATING THE TAXABLE VALUE OF THE PROPERTY

 2    EXEMPTED, ANY MILLAGE THAT WOULD HAVE BEEN LEVIED AGAINST THAT

 3    PROPERTY IF THAT PROPERTY HAD NOT BEEN EXEMPTED, AND ANY REDUC-

 4    TION IN PROPERTY TAX REVENUE INCURRED.
















































   01176'97          Final page.                            FDD