Introduced by Sen. Michael Switalski (D) on March 18, 2004, to require counties to collect all future property tax payments in the summer only, beginning in 2004, thereby requiring taxpayers to pay county taxes five months earlier. The additional revenue realized by collecting taxes earlier will replace state revenue sharing payments to counties for the next several years. This is part of Gov. Granholm’s Fiscal Year 2005 budget recommendation.
Referred to the Senate Finance Committee on March 18, 2004.
Substitute offered in the Senate on September 8, 2004, to replace the previous version of the bill with one that phases in the earlier tax collection date over three years. In 2005, 1/3 of county property taxes will be collected in July instead of December. In 2006, 2/3 will be collected early, and in 2007 all of the tax will be collected early. The substitute passed by voice vote in the Senate on September 8, 2004.
Passed 23 to 12 in the Senate on September 8, 2004, to shift the county property tax billing date forward from December to July, phased in between 2005 and 2007. The additional revenue realized by collecting taxes earlier will replace state revenue sharing payments to counties for the next several years. Who Voted "Yes" and Who Voted "No"
Received in the House on September 8, 2004.
Referred to the House Appropriations Committee on September 8, 2004.
Amendment offered by Rep. Mickey Mortimer (R) on September 22, 2004, to make the early tax collection optional for counties. The amendment failed by voice vote in the House on September 22, 2004.
Passed 55 to 51 in the House on September 22, 2004, to shift the county property tax billing date forward from December to July, phased in between 2005 and 2007. The additional revenue realized by collecting taxes earlier will replace state revenue sharing payments to counties for the next several years. Who Voted "Yes" and Who Voted "No"
Signed by Gov. Jennifer Granholm on September 30, 2004.
1) somebody do somethinggg by Anonymous Citizen on October 1, 2007 If we let these pple keep running our country, then we are going to go into debt to deep... where we cant dig our selves out... somebody do something... help us Reply
2) Time Value of Money & Opportunity Cost by Anonymous Citizen on November 5, 2004 Who wrote this? (see below) Anytime you are required to pay one more dollar in tax today rather then tomorrow, their is a real time value of money cost. In fact the time value of money cost for the winter-to-summer payment move is HUGE. So just because there is not a net increase, it doesn't mean there isn't a real cost.
Read your finance 101 book. You almost sounded like the Governors aids explaining how this really wasn't a tax increase. Trying to tell us we aren't getting screwed when they are.
Someone wrote.......
"I do not believe this bill results in a net tax increase. It does however mean more money out of our pockets in July 2005 as we "Pre-Pay" our winter taxes." Reply
3) Don't blame me by Anonymous Citizen on October 22, 2004 Don't blame me, I voted for Posthumas. Reply