2015 Senate Bill 582 / 2016 Public Act 82

Revise county delinquent tax revolving fund details

Introduced in the Senate

Oct. 27, 2015

Introduced by Sen. Jack Brandenburg (R-8)

To revise regulations on county borrowing related to the delinquent tax revolving funds they are allowed to maintain, which allow the county to used borrowed money to pay local governments the amount of unpaid taxes they are due, with the county assuming the responsibility for collecting the unpaid taxes and the proceeds when the taxes are collected (for example, when the property is foreclosed and sold at a tax auction).

Referred to the Committee on Finance

Dec. 10, 2015

Reported without amendment

With the recommendation that the bill pass.

Dec. 15, 2015

Passed in the Senate 38 to 0 (details)

Received in the House

Dec. 16, 2015

Referred to the Committee on Tax Policy

March 16, 2016

Reported without amendment

With the recommendation that the substitute (H-3) be adopted and that the bill then pass.

March 24, 2016

Passed in the House 108 to 0 (details)

To revise regulations on county borrowing related to the delinquent tax revolving funds they are allowed to maintain, which allow the county to used borrowed money to pay local governments the amount of unpaid taxes they are due, with the county assuming the responsibility for collecting the unpaid taxes and the proceeds when the taxes are collected (for example, when the property is foreclosed and sold at a tax auction).

Received in the Senate

March 24, 2016

Passed in the Senate 36 to 0 (details)

To concur with the House-passed version of the bill.

Signed by Gov. Rick Snyder

April 12, 2016