SENATE BILL No. 1514

 

 

November 30, 2006, Introduced by Senator EMERSON and referred to the Committee on Finance.

 

 

 

     A bill to amend 1993 PA 331, entitled

 

"State education tax act,"

 

by amending section 3 (MCL 211.903), as amended by 2002 PA 244.

 

THE PEOPLE OF THE STATE OF MICHIGAN ENACT:

 

     Sec. 3. (1) Beginning in 1994, except as otherwise provided in

 

subsection (2)  subsections (2) and (3), there is levied a state

 

education tax on all property not exempt by law from ad valorem

 

property taxes or not subject to a tax under 1905 PA 282, MCL 207.1

 

to 207.21, at a rate of 6 mills.

 

     (2) In 2003 only, there is levied a state education tax on all

 

property not exempt by law from ad valorem property taxes or not

 

subject to a tax under 1905 PA 282, MCL 207.1 to 207.21, at the

 

rate of 5 mills.

 

     (3) For taxes levied after December 31, 2007, personal

 

property classified under section 34c of the general property tax


 

act, 1893 PA 206, MCL 211.34c, as commercial personal property or

 

industrial personal property is exempt from the tax levied under

 

this act.

 

     Enacting section 1. This amendatory act does not take effect

 

unless all of the following bills of the 93rd Legislature are

 

enacted into law:

 

     (a) Senate Bill No. 1515.                                  

 

           

 

     (b) Senate Bill No. 1516.                                  

 

           

 

     (c) Senate Bill No. 1517.                                 

 

           

 

     (d) Senate Bill No. 1513.