HB-5068, As Passed Senate, December 14, 2011

SENATE SUBSTITUTE FOR

HOUSE BILL NO. 5068

     A bill to amend 1993 PA 331, entitled

"State education tax act,"

by amending section 3 (MCL 211.903), as amended by 2007 PA 38.

THE PEOPLE OF THE STATE OF MICHIGAN ENACT:

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

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, the following

property is exempt from the tax levied under this act:

     (a) Except as otherwise provided in subdivision (b), personal

property classified under section 34c of the general property tax

act, 1893 PA 206, MCL 211.34c, as industrial personal property. is

exempt from the tax levied under this act.

     (b) Beginning December 31, 2011, a turbine powered by gas,

steam, nuclear energy, coal, or oil the primary purpose of which is

the generation of electricity for sale is not eligible for the

exemption under this subsection.

     Enacting section 1. This amendatory act is effective December

31, 2011.