January 27, 2010, Introduced by Senators JELINEK and SWITALSKI and referred to the Committee on Appropriations.
A bill to amend 1996 PA 376, entitled
"Michigan renaissance zone act,"
by amending section 12 (MCL 125.2692), as amended by 2002 PA 745.
THE PEOPLE OF THE STATE OF MICHIGAN ENACT:
Sec. 12. (1) This state shall reimburse intermediate school
districts each year for all tax revenue lost as the result of the
exemption of property under this act, based on the property's
taxable value in that year, from taxes levied under section 625a of
the revised school code, 1976 PA 451, MCL 380.625a; from taxes
levied for area vocational-technical program operating purposes
under section 681 of the revised school code, 1976 PA 451, MCL
380.681; and from taxes levied for special education operating
purposes under section 1724a of the revised school code, 1976 PA
451, MCL 380.1724a.
(2) This state shall reimburse local school districts each
year for all tax revenue lost as the result of the exemption of
property under this act from taxes levied under section 1211 of the
revised school code, 1976 PA 451, MCL 380.1211, based on the
property's taxable value in that year.
(3) This state shall reimburse a community college district
and
a public library each year for all
tax revenue lost as a result
of the exemption of property under this act, based on the
property's taxable value in that year, from taxes levied or
collected under the general property tax act, 1893 PA 206, MCL
211.1
to 211.157 211.155.
(4)
Intermediate school districts , and community
college
districts ,
and public libraries eligible for
reimbursement under
subsections (1) and (3) shall report to and on a date determined by
the department of treasury all revenue lost for which reimbursement
under subsections (1) and (3) is claimed. A local school district
eligible for reimbursement under subsection (2) shall report each
year on a date determined by the department of treasury all revenue
lost for which reimbursement under subsection (2) is claimed.
(5) This state shall reimburse the school aid fund for all
revenues lost as the result of the establishment of renaissance
zones. Foundation allowances calculated under section 20 of the
state school aid act of 1979, 1979 PA 94, MCL 388.1620, shall not
be reduced as a result of lost revenues arising from this act.
(6) Subject to appropriation, this state shall reimburse a
public library each year based on the amount each public library
received in the 2008-2009 state fiscal year. If the amount
appropriated is less than the amount required for payments to all
public libraries, payments shall be prorated so that the proportion
of each library's payments to the total payments is the same as in
state fiscal year 2008-2009.