November 28, 2012, Introduced by Rep. Farrington and referred to the Committee on Tax Policy.
A bill to amend 1985 PA 224, entitled
"Enterprise zone act,"
(MCL 125.2101 to 125.2123) by adding section 21d.
THE PEOPLE OF THE STATE OF MICHIGAN ENACT:
Sec. 21d. (1) If a facility was certified as a qualified
business on December 31, 2011, notwithstanding any other provision
of this act to the contrary, that portion of the facility that is
eligible manufacturing personal property shall remain subject to
the specific tax levied under this act and shall remain exempt from
ad valorem property taxes as provided in this act until that
eligible manufacturing personal property would otherwise be exempt
from the collection of taxes under section 9m, 9n, or 9o of the
general property tax act, 1893 PA 206, MCL 211.9m, 211.9n, and
211.9o.
(2) As used in this subsection, "eligible manufacturing
personal property" means that term as defined in section 2 of the
personal property tax exemption reimbursement act.