February 24, 2010, Introduced by Rep. Huckleberry and referred to the Committee on Intergovernmental and Regional Affairs.
A bill to amend 1893 PA 206, entitled
"The general property tax act,"
(MCL 211.1 to 211.155) by adding section 50.
THE PEOPLE OF THE STATE OF MICHIGAN ENACT:
Sec. 50. (1) A local tax collecting unit with a population of
less than 4,000 as determined by the most recent federal decennial
census shall obtain an audit of its property tax collection
records, property tax collection accounts, and property tax
collection procedures not less frequently than biennially. However,
if any audit under this subsection discloses a material deviation
by the local tax collecting unit from generally accepted accounting
principles or from applicable rules and regulations issued by the
state tax commission or the department of treasury or discloses any
fiscal irregularity, defalcation, misfeasance, nonfeasance, or
malfeasance, the department of treasury may require an audit to be
conducted in the next year.
(2) A local tax collecting unit with a population of 4,000 or
more as determined by the most recent federal decennial census
shall obtain an annual audit of its property tax collection
records, property tax collection accounts, and property tax
collection procedures.
(3) A local tax collecting unit may retain a certified public
accountant to perform the audits required under this section. If
any local tax collecting unit fails to conduct an audit required
under this section, the department of treasury shall either conduct
the audit or appoint a certified public accountant to conduct the
audit.
(4) The entire cost of any audit conducted under this section
is the responsibility of the local tax collecting unit.