HB-4008,As Passed Senate, June 4, 2003                                      

SUBSTITUTE FOR

HOUSE BILL NO. 4008

                                                                             A bill to amend 1967 PA 281, entitled                                             

"Income tax act of 1967,"                                                   

(MCL 206.1 to 206.532) by adding section 512a.                              

THE PEOPLE OF THE STATE OF MICHIGAN ENACT:

1   Sec. 512a.  "Property taxes" means, for the 2003 tax year                   

2   and tax years after the 2003 tax year, general ad valorem taxes             

3   due and payable, levied on a homestead within this state                    

4   including property tax administration fees, but does not include            

5   penalties, interest, or special assessments unless the special              

6   assessment is levied using a uniform millage rate on all real               

7   property not exempt by state law from the levy of the special               

8   assessment and complies with 1 of the following:                            

9   (a) The special assessment is levied in the entire city,                    

10  village, or township and is levied and based on state equalized             

11  valuation or taxable value.                                                 

1       (b) The special assessment is for police, fire, or advanced                 

2   life support, is levied in the entire township excluding all or a           

3   portion of a village within the township, and is levied and based           

4   on state equalized valuation or taxable value.

5       Enacting section 1.  This amendatory act does not take                      

6   effect unless Senate Bill No. 23 of the 92nd Legislature is                 

7   enacted into law.