April 17, 2012, Introduced by Senators NOFS, RICHARDVILLE, JONES, KOWALL, MARLEAU, HILDENBRAND, CASWELL, JANSEN, ROBERTSON and HUNE and referred to the Committee on Finance.
A bill to amend 1893 PA 206, entitled
"The general property tax act,"
(MCL 211.1 to 211.155) by adding section 9n.
THE PEOPLE OF THE STATE OF MICHIGAN ENACT:
Sec. 9n. (1) Beginning December 31, 2015 and each year
thereafter, qualified previously existing personal property is
exempt from the collection of taxes under this act.
(2) An owner of qualified previously existing personal
property shall claim the exemption under this section by filing an
affidavit with the local tax collecting unit in which the qualified
previously existing personal property is located and the department
of treasury not later than May 1. The affidavit shall be in a form
prescribed by the department of treasury. An owner of qualified
previously existing personal property is only required to file the
affidavit claiming the exemption under this section in the first
year in which the exemption for that qualified previously existing
personal property is claimed.
(3) If an affidavit claiming the exemption under this section
is filed as provided in subsection (2), the owner of that qualified
previously existing personal property is not required to also file
a statement under section 19 for that qualified previously existing
personal property in that tax year or any succeeding tax year.
(4) As used in this section:
(a) "Eligible manufacturing personal property" means that term
as defined in section 2 of the personal property tax exemption
reimbursement act.
(b) "Qualified previously existing personal property" means
personal property that meets all of the following conditions:
(i) Is eligible manufacturing personal property.
(ii) Meets any of the following conditions:
(A) Has been subject to or exempt from the collection of taxes
under this act for the immediately preceding 10 years.
(B) If that personal property was located both outside of and
within this state in the immediately preceding 10 years, that
personal property was subject to or exempt from the collection of
taxes under this act, or would have been subject to or exempt from
the collection of taxes under this act if located in this state,
for the immediately preceding 10 years.
(C) If that personal property was located outside of this
state in the immediately preceding 10 years, that personal property
would have been subject to or exempt from the collection of taxes
under this act for the immediately preceding 10 years if that
personal property had been located in this state.