February 13, 2014, Introduced by Senators CASWELL, BOOHER, GREEN, WALKER and PAPPAGEORGE 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 7uu.
THE PEOPLE OF THE STATE OF MICHIGAN ENACT:
Sec. 7uu. For taxes levied after December 31, 2013, an
aquaculture production facility or a hydroponics production
facility is exempt from the collection of taxes under this act. An
aquaculture production facility or hydroponics production facility
exempt under this section is subject to the specific tax levied
under the hydroponics and aquaculture production facilities
specific tax act. As used in this section, "aquaculture production
facility" and "hydroponics production facility" mean those terms as
defined in the hydroponics and 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.