SENATE BILL No. 696

October 9, 2001, Introduced by Senators BULLARD, STEIL, BENNETT and GARCIA 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 9a.

THE PEOPLE OF THE STATE OF MICHIGAN ENACT:

1 SEC. 9A. (1) ONE THOUSAND DOLLARS OF THE AGGREGATE TAXABLE

2 VALUE OF THE PERSONAL PROPERTY IDENTIFIED IN A STATEMENT REQUIRED

3 UNDER SECTION 18 IS EXEMPT FROM THE COLLECTION OF TAXES UNDER

4 THIS ACT.

5 (2) IF THE AGGREGATE TAXABLE VALUE OF THE PERSONAL PROPERTY

6 IDENTIFIED IN A STATEMENT REQUIRED UNDER SECTION 18 IS LESS THAN

7 OR EQUAL TO $1,000.00, ALL OF THE PERSONAL PROPERTY IDENTIFIED IN

8 THAT STATEMENT IS EXEMPT FROM THE COLLECTION OF TAXES UNDER THIS

9 ACT.

10 (3) A PERSON CLAIMING AN EXEMPTION UNDER SUBSECTION (1)

11 SHALL SUBMIT THE STATEMENT REQUIRED UNDER SECTION 18 WHETHER OR

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1 NOT THE AGGREGATE TAXABLE VALUE OF THE PERSONAL PROPERTY

2 IDENTIFIED IN THE STATEMENT REQUIRED UNDER SECTION 18 IS LESS

3 THAN OR EQUAL TO $1,000.00.

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

5 EACH LOCAL TAX COLLECTING UNIT IN WHICH THAT PERSON SUBMITS A

6 STATEMENT REQUIRED UNDER SECTION 18.

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