Introduced
by
To revise the formula used to calculate the property tax “recapture rate” assessed when productive forestland is withdrawn from <a href="http://www.michiganvotes.org/2005-SB-912">a program</a> granting property tax exemptions. The change would have the effect of lowering the amount of this recapture payment depending on whether timber has been harvested on the property. See also Senate Bill 51.
Referred to the Committee on Natural Resources, Environment, and Great Lakes
Reported without amendment
With the recommendation that the substitute (S-1) be adopted and that the bill then pass.
Substitute offered
The substitute passed by voice vote
Passed in the Senate 35 to 0 (details)
Referred to the Committee on Natural Resources
