February 5, 2009, Introduced by Reps. Robert Jones, Melton, Bettie Scott, Donigan, Espinoza, Haugh, Meadows and Stanley and referred to the Committee on Intergovernmental and Regional Affairs.
A bill to amend 1966 PA 134, entitled
"An act to impose a tax upon written instruments which transfer any
interest in real property; to provide for the administration of
this act; and to provide penalties for violations of this act,"
by amending sections 4 and 9 (MCL 207.504 and 207.509), section 4
as amended by 1980 PA 413.
THE PEOPLE OF THE STATE OF MICHIGAN ENACT:
Sec. 4. (1) The tax shall be at the rate of 55 cents in a
county with a population of less than 2,000,000 and not more than
75 cents as authorized by the county board of commissioners in a
county with a population of 2,000,000 or more for each $500.00 or
fraction thereof of the total value.
(2) If a county establishes a housing trust fund for the
homeless under section 58e of the state housing development
authority act of 1966, 1966 PA 346, MCL 125.1458e, by resolution,
then the tax rate described in subsection (1) shall be increased by
25 cents for each $500.00 or fraction thereof of the total value
for as long as the housing trust fund for the homeless is in
existence.
(3) A written instrument subject to the tax imposed by this
act shall state on its face the total value of the real property or
there shall be attached to the instrument an affidavit declaring
the total value of the real property. The form of the affidavit
shall be prescribed by the state tax commission. In the case of the
sale or transfer of a combination of real and personal property the
tax shall be imposed only upon the transfer of the real property,
if the values of the real and personal property are stated
separately on the face of the instrument or if an affidavit is
attached to the instrument setting forth the respective values of
the real and personal property.
Sec.
9. (1) All Except
as provided in subsection (2), all
revenue received under this act shall be deposited in the treasury
of the county where the tax is collected to the credit of the
general fund.
(2) The additional taxes levied and collected under section
4(2) shall be used only to fund the housing trust fund for the
homeless established under section 58e of the state housing
development authority act of 1966, 1966 PA 346, MCL 125.1458e.