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2013 Senate Bill 490: Revise “personal property tax” reform details

Public Act 154 of 2013

Introduced by Sen. Jack Brandenburg (R) on September 12, 2013 To revise details of a 2012 law that gradually phases out a so-called “personal property tax” that imposes annual property taxes on tools and equipment owned by “industrial” firms. The bill would revise details of the definition of what property is taxable and what business operations are considered “industrial”.   Official Text and Analysis.
Referred to the Senate Finance Committee on September 12, 2013
Reported in the Senate on September 19, 2013 With the recommendation that the bill pass.
Passed 27 to 9 in the Senate on September 19, 2013 (same description)
To revise details of a 2012 law that gradually phases out a so-called “personal property tax” that imposes annual property taxes on tools and equipment owned by “industrial” firms. The bill would revise details of the definition of what property is taxable and what business operations are considered “industrial”.
Received in the House on September 19, 2013
Referred to the House Tax Policy Committee on September 19, 2013
Reported in the House on October 9, 2013 With the recommendation that the substitute (H-1) be adopted and that the bill then pass.
Substitute offered in the House on October 16, 2013
The substitute passed by voice vote in the House on October 16, 2013
Passed 81 to 27 in the House on October 17, 2013 (same description)
To revise details of a 2012 law that gradually phases out a so-called “personal property tax” that imposes annual property taxes on tools and equipment owned by “industrial” firms. The bill would revise details of the definition of what property is taxable and what business operations are considered “industrial”.
Received in the Senate on October 22, 2013
Passed 28 to 10 in the Senate on October 23, 2013 To concur with the House-passed version of the bill.
Signed by Gov. Rick Snyder on November 5, 2013

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