SB-0786, As Passed House, December 19, 2014

HOUSE SUBSTITUTE FOR

SENATE BILL NO. 786

     A bill to amend 1893 PA 206, entitled

"The general property tax act,"

(MCL 211.1 to 211.155) by adding section 7ww.

THE PEOPLE OF THE STATE OF MICHIGAN ENACT:

     Sec. 7ww. For taxes levied after December 31, 2014, an

eligible aquaculture production facility or an eligible hydroponics

production facility is exempt from the collection of taxes under

this act. An eligible aquaculture production facility or eligible

hydroponics production facility exempt under this section is

subject to the specific tax levied under the eligible hydroponics

and eligible aquaculture production facilities specific tax act. As

used in this section, "eligible aquaculture production facility"

and "eligible hydroponics production facility" mean those terms as

defined in the eligible hydroponics and eligible aquaculture

production facilities specific tax act.

     Enacting section 1. This amendatory act does not take effect

unless Senate Bill No. 787 of the 97th Legislature is enacted into

law.