HOUSE BILL No. 4332


     February 22, 2001, Introduced by Reps. Vander Roest, Meyer, Julian, Kuipers, Richardville, Pappageorge, Spade, Kooiman, Bovin, Lipsey and
Birkholz and referred to the Committee on Commerce.


        A bill to amend 1996 PA 376, entitled

   "Michigan renaissance zone act,"

   by amending section 12 (MCL 125.2692).

               THE PEOPLE OF THE STATE OF MICHIGAN ENACT:

 1
           Sec. 12.  (1) This state shall reimburse intermediate school

 2
      districts each year for all tax revenue lost as the result of the

 3
      exemption of property under this act based on the property's tax-

 4
      able value at the time the renaissance zone is designated, from

 5
      taxes levied under section 625a of the revised school code,  Act

 6
      No. 451 of the Public Acts of 1976, being section 380.625a of the

 7
      Michigan Compiled Laws  1976 PA 451, MCL 380.625A; from taxes

 8
      levied for area vocational-technical program operating purposes

 9
      under section 681 of  Act No. 451 of the Public Acts of 1976,

10
      being section 380.681 of the Michigan Compiled Laws  THE REVISED

11
      SCHOOL CODE, 1976 PA 451, MCL 380.681; or from taxes levied for


   00781'01                                                 JLB                                   2

 1
      special education operating purposes under section 1724a of  Act

 2
      No. 451 of the Public Acts of 1976, being section 380.1724a of

 3
      the Michigan Compiled Laws  THE REVISED SCHOOL CODE, 1976 PA 451,

 4
      MCL 380.1724A.

 5
           (2) This state shall reimburse local school districts each

 6
      year for all tax revenue lost as the result of the exemption of

 7
      property under this act from taxes levied under section 1211 of

 8
      the revised school code,  Act No. 451 of the Public Acts of 1976,

 9
      being section 380.1211 of the Michigan Compiled Laws  1976 PA

10
      451, MCL 380.1211, based on the property's taxable value in that

11
      year.

12
           (3) This state shall reimburse a community college district

13
      and a public library each year for all tax revenue lost as a

14
      result of the exemption of property under this act, based on the

15
      property's taxable value in that year, from taxes levied or col-

16
      lected under the general property tax act,  Act No. 206 of the

17
      Public Acts of 1893, being sections 211.1 to 211.157 of the

18
      Michigan Compiled Laws  1893 PA 206, MCL 211.1 TO 211.157.

19
           (4) Intermediate school districts, community college dis-

20
      tricts, and public libraries eligible for reimbursement under

21
      subsections (1) and (3) shall report to and on a date determined

22
      by the department of treasury all revenue lost for which reim-

23
      bursement under subsections (1) and (3) is claimed.  A local

24
      school district eligible for reimbursement under subsection (2)

25
      shall report each year on a date determined by the department of

26
      treasury all revenue lost for which reimbursement under

27
      subsection (2) is claimed.



   00781'01                                   3

 1
           (5) This state shall reimburse the school aid fund for all

 2
      revenues lost as the result of the establishment of renaissance

 3
      zones.  Foundation allowances calculated under section 20 of the

 4
      state school aid act of 1979,  being section 388.1620 of the

 5
      Michigan Compiled Laws  1979 PA 94, MCL 388.1620, shall not be

 6
      reduced as a result of lost revenues arising from this act.

 7
           (6) THIS STATE SHALL REIMBURSE LOCAL GOVERNMENTAL UNITS EACH

 8
      YEAR FOR ALL TAX REVENUE LOST AS A RESULT OF THE EXEMPTION OF

 9
      PROPERTY UNDER THIS ACT, BASED ON THE PROPERTY'S TAXABLE VALUE IN

10
      THAT YEAR, FROM TAXES COLLECTED UNDER THE GENERAL PROPERTY TAX

11
      ACT, 1893 PA 206, MCL 211.1 TO 211.157, THAT WERE LEVIED FOR

12
      SENIOR CITIZEN SERVICES OR SENIOR CITIZEN FACILITIES AND WERE

13
      AUTHORIZED AS OF JULY 17, 1996.































   00781'01          Final page.                            JLB