H.B. 5504: COMMITTEE SUMMARY RESORT DISTRICT MILLAGE
House Bill 5504 (as passed by the House) Sponsor: Representative Lynn Owen House Committee: Tax Policy
Senate Committee: Finance
Date Completed: 3-25-96
The bill would amend the Resort District Rehabilitation Act to provide that if a resort property tax had been levied and approved by the voters within a resort district on two previous occasions, the resort district authority could, with voter approval, extend the tax levy for up to 20 years. The extension could not be levied for more than three mills, and would have to be approved by a majority of the voters residing in the district who voted on the question.
Currently, the Act allows a township to establish a resort district authority (as specifically defined in the Act) to borrow money and issue bonds, in anticipation of collection of the millage authorized by the voters, in order to finance rehabilitation projects such as roads, lighting, sewers, drains, flood controls, and garbage collection. The voters may approve up to three mills for up to five years, with five-year renewals also subject to voter approval.
MCL 125.2208 Legislative Analyst: G.Towne
The bill would have no fiscal impact on State or local government.
Fiscal Analyst: R. Ross
S9596\S5504SA
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.
Page 1 of 1 hb5504/9596