PA 198 ABATEMENT FOR GENERATING PLANTS
House Bill 5568
Sponsor: Rep. Nancy Cassis
Committee: Tax Policy
Complete to 3-1-02
A SUMMARY OF HOUSE BILL 5568 AS INTRODUCED 1-22-02
Public Act 140 of 1999 (House Bill 4844), among other things, allowed local units of government to grant a property tax abatement for certain electric generating plants. It did this by amending the definition of "industrial property" in the Plant Rehabilitation and Industrial Development Act, commonly known as PA 198. That act says that property of a public utility is not considered "industrial property" eligible for an abatement. Public Act 140 created an exception specifically for "an electric generating plant not owned by a local unit of government". The abatement provision, however, only applies to applications approved by a local unit between June 30, 1999, and June 30, 2002. House Bill 5568 would extend the approval deadline to December 31, 2007.
MCL 207.552
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This analysis was prepared by nonpartisan House staff for use by House members in their deliberations, and does not constitute an official statement of legislative intent.