SENATE BILL NO. 1338


   September 24, 1998, Introduced by Senator EMMONS and referred to 
        the Committee on Finance.



        A bill to amend 1893 PA 206, entitled

   "The general property tax act,"

   (MCL 211.1 to 211.157) by adding section 8c.

               THE PEOPLE OF THE STATE OF MICHIGAN ENACT:

 1         SEC. 8C.  FOR TAXES LEVIED AFTER DECEMBER 31, 1998, PERSONAL

 2    PROPERTY SUBJECT TO THE COLLECTION OF TAXES UNDER THIS ACT SHALL

 3    BE DEPRECIATED PURSUANT TO THE ACCELERATED COST RECOVERY SYSTEM

 4    SET FORTH IN SECTION 168 OF THE INTERNAL REVENUE CODE OF 1986, 26

 5    U.S.C. 168.














   06829'98          Final page.                            FDD