March 8, 2005, Introduced by Senators JELINEK, CASSIS, BISHOP, GILBERT, BIRKHOLZ, ALLEN and GOSCHKA and referred to the Committee on Finance.
A bill to amend 1893 PA 206, entitled
"The general property tax act,"
(MCL 211.1 to 211.157) by adding section 9k.
THE PEOPLE OF THE STATE OF MICHIGAN ENACT:
Sec. 9k. (1) For taxes levied after December 31, 2005,
$1,000.00 of the aggregate taxable value of the personal property
identified in a statement required under section 19 is exempt from
the collection of taxes under this act.
(2) A person claiming an exemption under subsection (1) shall
submit the statement required under section 19 whether or not the
aggregate taxable value of the personal property identified in the
statement is less than $1,000.00.
(3) A person may claim an exemption under subsection (1) in
each local tax collecting unit in which that person submits a
statement required under section 19.