HOUSE BILL No. 4034


     January 25, 2001, Introduced by Reps. Richner and Cassis and referred to the Committee on Tax Policy.


        A bill to amend 1893 PA 206, entitled

   "The general property tax act,"

   (MCL 211.1 to 211.157) by adding section 9l.

               THE PEOPLE OF THE STATE OF MICHIGAN ENACT:

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           SEC. 9l.  (1) FOR TAXES LEVIED AFTER DECEMBER 31, 2006,

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      $25,000.00 OF THE AGGREGATE TAXABLE VALUE OF THE PERSONAL PROP-

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      ERTY IDENTIFIED IN A STATEMENT REQUIRED UNDER SECTION 18 IS

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      EXEMPT FROM THE COLLECTION OF TAXES UNDER THIS ACT.

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           (2) A PERSON CLAIMING AN EXEMPTION UNDER SUBSECTION (1)

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      SHALL SUBMIT THE STATEMENT REQUIRED UNDER SECTION 18 WHETHER OR

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      NOT THE AGGREGATE TAXABLE VALUE OF THE PERSONAL PROPERTY IDENTI-

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      FIED IN THE STATEMENT REQUIRED UNDER SECTION 18 IS LESS THAN OR

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      EQUAL TO $25,000.00.






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           (3) A PERSON MAY CLAIM AN EXEMPTION UNDER SUBSECTION (1) IN

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      EACH LOCAL TAX COLLECTING UNIT IN WHICH THAT PERSON SUBMITS A

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      STATEMENT REQUIRED UNDER SECTION 18.


















































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