HOUSE BILL No. 5759


     February 28, 2002, Introduced by Reps. Faunce and Woronchak 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 7gg.

               THE PEOPLE OF THE STATE OF MICHIGAN ENACT:

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             SEC. 7GG.  (1) REAL OR PERSONAL PROPERTY OWNED BY A PERSON

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        WHO IS 70 YEARS OLD OR OLDER IS EXEMPT FROM THE COLLECTION OF

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        TAXES LEVIED UNDER THE REVISED SCHOOL CODE, 1976 PA 451, MCL

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        380.1 TO 380.1852, IF ALL OF THE FOLLOWING CONDITIONS ARE

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        SATISFIED:

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             (A) THE OWNER OF THE REAL OR PERSONAL PROPERTY HAS NO DEPEN-

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        DENTS ENROLLED IN THE LOCAL OR INTERMEDIATE SCHOOL DISTRICT IN

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        WHICH THE REAL OR PERSONAL PROPERTY IS LOCATED.

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             (B) THE OWNER OF THE REAL OR PERSONAL PROPERTY HAS

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        MAINTAINED THE SAME PRINCIPAL RESIDENCE IN THE LOCAL TAX

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        COLLECTING UNIT FOR NOT LESS THAN 10 YEARS.


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             (C) THE OWNER OF THE REAL PROPERTY HAS HOUSEHOLD INCOME OF

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        LESS THAN $100,000.00.

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             (2) AS USED IN THIS SECTION:

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             (A) "HOUSEHOLD INCOME" MEANS THAT TERM AS DEFINED IN

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        SECTION 508 OF THE INCOME TAX ACT OF 1967, 1967 PA 281, MCL

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        206.508.

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             (B) "PRINCIPAL RESIDENCE" MEANS THAT TERM AS DEFINED IN

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        SECTION 7DD.








































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