HB-4121, As Passed House, October 15, 2013

SUBSTITUTE FOR

HOUSE BILL NO. 4121

(As amended October 10, 2013)

     A bill to amend 1893 PA 206, entitled

"The general property tax act,"

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

THE PEOPLE OF THE STATE OF MICHIGAN ENACT:

     Sec. 7ll. (1) Except as otherwise provided in subsection (2),

for taxes levied after December 31, 2013, eligible real property

purchased from a school district and all personal property located

on that eligible real property at the time of sale, and remaining

on the property, are exempt from the taxes collected under this act

for 5 years beginning on December 31 in the year in which the

purchase of the eligible real property occurred [if the school district

or the purchaser prior to the purchase of the eligible real property provided written notice to the legislative body of the local taxing unit in which the eligible real property is located of its intent to claim the exemption under this section].

[(2) Within 60 days after the enactment date of the amendatory act

that added this section, the legislative body of any city,

House Bill No. 4121 (H-1) as amended October 10, 2013

township, or county that levies an ad valorem tax may by resolution

 elect not to exempt eligible real property and personal property located

 on eligible real property under subsection (1) from that local taxing

 unit's ad valorem millage.

]

(3) As used in this section, "eligible real property" means

real property that meets all of the following conditions:

     (a) Is currently vacant.

     (b) Was previously used as a school building or was previously

used in the direct support of school operations.