WATER CONDITIONER EXEMPTION H.B. 4407: FLOOR ANALYSIS
House Bill 4407 (as reported without amendment, without recommendation) Sponsor: Representative Terry Geiger
House Committee: Tax Policy Senate Committee: Finance
The bill would amend the General Property Tax Act to exempt from personal property tax water conditioning systems used for a residential dwelling.
Under the Act, personal property owned and used by a householder is exempt from taxation. The personal property tax applied to water conditioning systems, then, is levied against companies that rent or lease the systems to homeowners.
MCL 211.9 Legislative Analyst: G. Towne
Based on information from the Michigan Water Quality Association and the Michigan Townships Association, it is estimated this bill would reduce personal property taxes by less than $150,000. Approximately 12% of this loss would be a reduction in the State education property tax and the remaining loss would be realized by schools and local governments.
Date Completed: 11-26-96 Fiscal Analyst: J. Wortley
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This analysis was prepared by nonpartisan Senate staff for use by the Senate in its deliberations and does not constitute an official statement of legislative intent.