May 31, 2007, Introduced by Senators PAPPAGEORGE, JELINEK and SWITALSKI and referred to the Committee on Appropriations.
A bill to amend 1971 PA 140, entitled
"Glenn Steil state revenue sharing act of 1971,"
by amending section 12a (MCL 141.912a), as amended by 1998 PA 532.
THE PEOPLE OF THE STATE OF MICHIGAN ENACT:
Sec. 12a. (1) For state fiscal years before the 1998-1999
state fiscal year, the department of treasury shall calculate the
amount of payment to be made to a city, village, or township by
multiplying the amount of state equalized value of tax exempt
inventory property as certified by the department of treasury under
former section 132 of the single business tax act, 1975 PA 228,
times the property tax rate for each taxing unit as certified each
year to the department of treasury for purposes of this act.
(2) For state fiscal years before the 1998-1999 state fiscal
year, the department of treasury shall pay to each county each
year, following the year the amount was calculated, an amount equal
to the product of the state equalized value of inventory as
certified by the department of treasury under former section 132 of
the single business tax act, 1975 PA 228, times the county property
tax rate for the county as reported each year to the department of
treasury.
(3) For state fiscal years after the 1995-1996 state fiscal
year in which payment is made under this section, the payment under
this section shall be from the collections, exclusive of the amount
designated for assistance to townships, cities, and villages under
section 10 of article IX of the state constitution of 1963, of the
sales tax levied at a rate of 4%.
(4) Payments made under this section, and the allocation and
appropriation of amounts necessary to make the payments under this
section, shall include interest which shall accrue on the unpaid
balance. Interest shall accrue at the rate determined under section
13b.
(5) A payment required to be made under this section shall not
be delayed so as to cause interest to accrue pursuant to subsection
(4) unless the delay in any payment is authorized by a written
directive issued and signed by the governor that conforms to and is
subject to section 13b(2) and (3).
(6) Amounts required to be paid pursuant to this section that
are subject to an unavoidable delay of a de minimis period or that
are withheld or set off pursuant to law in the settlement or
adjustment of an obligation or debt due to this state are not
subject to subsections (4) and (5).
(7) For state fiscal years before the 1998-1999 state fiscal
year, the treasurer of any city, village, township, or county who
collects money for an authority that levies property taxes, shall
pay an eligible authority its proportionate share of the
reimbursements under this section. The proportionate share is the
percentage that the property taxes collected by the authority are
to the property taxes of the assessing unit. The property taxes of
the authorities may be added to the millages used to determine
payments under this section. For an authority to be eligible for
compensation under this section, that authority shall have an
authorization to have taxes levied for its use as provided by law.
School districts, intermediate school districts, community college
districts, vocational education districts, and special education
districts are not included under this section.
(8) Subject to section 13d, for the 1998-1999 through 2005-
2006 state fiscal years and for the period of October 1, 2002
through
June September 30, 2007,
the treasurer of any city,
village, township, or county who collects money for an authority
that levies property taxes shall pay an eligible authority, from
the payments received under this act, the amount received by the
eligible authority under subsection (7) for the 1997-1998 state
fiscal year. School districts, intermediate school districts,
community college districts, vocational education districts, and
special education districts are not included under this section.
(9) The state treasurer may make a disbursement for a payment
under this section that has been delayed in advance of the date the
delayed payment is expected to be paid.
(10) Payments under this section to cities and villages shall
be made on or before October 31 and payments under this section to
counties and townships shall be made on or before February 28.